On August 20, 2018, SMS group Comcast and Nangang Group signed a contract for the No. 4 continuous casting machine transformation project of No. 2 Steelmaking Plant in Nanjing, Jiangsu Province. Xu Hongyan, President and CEO of SMS Group China PierpaoloRivetti, vice president of SecakConcaster, Chen Qiwen, general manager of Comcast Shanghai, and Zhu Ruirong, president of Nangang, and Lin Guoqiang, vice president, attended the signing ceremony. Mr. Rivetti and Ms. Xu Hongyan delivered speeches on behalf of Comcast and the SMS group. In her speech, Ms. Xu Hongyan reviewed the history of the cooperation between SMS Group and Nangang and the good cooperation relationship, and was full of confidence in future projects. She said: “The Nangang 5m thick plate mill, which was successfully put into operation on September 26th, 2013, is the most advanced wide and heavy plate mill in the world. It is an important business card of Nangang. At the same time, this mill is also a Siemag wide plate factory. The most important performance factory. We promise that SMS Siemag will continue to uphold the spirit and experience of our good cooperation, and once again make this 4# continuous casting machine transformation project into the highest level benchmark project of Nangang, making SMS in special steel. The most important performance in the industry has added a new business card to Nangang.” She also expressed the hope that SMS and Ngang will continue to maintain close contact and form strategic cooperation to further expand SMS Group and South in future projects. Steel cooperation to achieve a win-win situation.

The 5m thick plate mill currently operated by Ngang is supplied by SMS group. The project was signed in 2011 and successfully put into operation in September 2013. The equipment has been in good condition since its operation and has been recognized and affirmed by users, and continues to provide the most important products for the Chinese market. The successful signing of the 4# continuous casting machine transformation project is the second collaboration between SMS Group and Nangang following the 5m wide and heavy plate project. The project will expand the business of SMS Group in Nangang from the plate to the long Sheet l. The signing ceremony marks a further step forward on the road of strategic cooperation between the two sides and is of great significance. The SMS group will develop together with Nangang as an excellent partner and continue the friendly cooperation.

The two sides represented friendly negotiations

continuous casting machine transformation contract signing ceremony