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Steelmor joins Teejan Group to build stainless steel plant in Oman
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Steelmor, a leading stainless steel producer has joined Teejan Group who is a Oman based company to build a new stainless steel plant in Sultanate, Oman.
This joint venture has been concluded with 75% share of stock for Steelmor along with 25% for Teejan Group, mainly focusing on producing stainless steel pipe, plate, flanges and fittings to petrochemical sectors.
The annual production of the new joint venture is expected to reach 1 million tons, mainly supply to Gulf countries, the US and Europe.
News Date
5/30/2012 8:25:15 AM
reported by
Bill Chen
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