GERMANY: Automotive metals specialist follows customers to China - report
German steel and engineering group ThyssenKrupp AG said it was setting up a raft of new factories in China to cater to car makers in the world's fastest growing car market, Reuters reported. According to the report, the company will establish three new factories in China with local partner ANSC Angang New Steel Co. to build tailored blanks -- laser-welded sheets of metal used by manufacturers to form car parts such as doors and floor panels.
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