China’s HBIS Tangsteel to build 100 bln rbl plant in Russia

VLADIVOSTOK, Nov 30 (PRIME) -- China’s HBIS Tangsteel plans to build a 100 billion ruble steel plant in Russia’s Far East, the regional authorities said in a statement on Friday.

“The corporation is interested in cooperation with the Far East of Russia. HBIS Tangsteel plans to acquire a metals plant in the Khabarovsk Region, and to build a new metal facility on the territory of the Primorsky Region,” the authorities said.

The plant could sell the products to Russia’s Zvezda shipyard.

(66.6342 rubles – U.S. $1)

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