Strategic alliance for the production & the commercialization of forged grinding balls
On December 8, 2016 Magotteaux International S.A. and Jiangyin Xingcheng Special Steel Works Co., Ltd (Xingcheng) concluded a strategic alliance to establish a joint venture (JV) for the production and the commercialization of forged grinding balls.
The JV, which capitalizes on the strong reputation Xingcheng has developed as worldwide high quality steel supplier and Magotteaux expertise in process optimization products & services for high-abrasion extracting industries, was officially inaugurated on May 4, 2017.
The JV operates under the name Jiangyin Xingcheng Magotteaux Steel Balls Co, Ltd. and is based in Jiangyin (China). This alliance supplies the whole range of forged grinding balls with the highest quality requirements.
“We are excited to form a partnership with Xingcheng” stated Sébastien Dossogne, CEO of Magotteaux. “The objective is to create a supply of high quality steel forged balls to establish a new leader in this large and growing global market”.
“Both parties will join efforts to forge the JV into a world-class well-known brand through rigorous and practical working attitude as well as long-term strategic vision, creating high-end value for our customers”, said Qian Gang, President of CITIC Pacific Special Steel.
About Xingcheng
Jiangyin Xingcheng Special Steel Works Co., Ltd, affiliated with CITIC Pacific Special Steel Group is one of the largest steel producers in China. With more than 6.9 million tons of annual production capacity, the company supply high-quality special steel products and provide overall service plan for customers in over 60 countries and regions.
Xingcheng has grown into a special steel enterprise offering the world’s most complete product specifications and the largest production scale for bars, wire rods, plates and coils. Xingcheng Special Steel runs 9 of the world’s leading production lines using international advanced production & inspection equipment and process technology for their manufacturing. Among their products, we can mention ultra-thick steel plate, pipeline steel, wear resistant steel, high strength steel, pressure vessel steel… used in aerospace, marine, nuclear power, wind power, transportation and other industries. More info at http://en.jyxc.com/.
About Magotteaux
Magotteaux is the leader in process optimization for high abrasion extracting industries (mines, cement, power, quarries, dredging and recycling). Magotteaux employs about 3,000 employees, has a global market footprint through its specialized production units and sales offices and Technical Centers worldwide. Magotteaux is part of the Chilean Group Sigdo Koppers, the Chilean-based conglomerate providing services and products for the mining industry. Learn more at www.magotteaux.com and at www.sigdokoppers.cl.
