Wednesday, July 29, 2009

Chinese company reaches $410 mln rolling mill deal with Romanian INTFOR

ZHENGZHOU, July 29 (Xinhua) -- Zhengzhou Top Rolling Technology Co., Ltd. in central China's Henan Province has reached a 410-million-U.S.dollar rolling mill deal with Romania's INTFOR company, the Chinese company said Wednesday.

The deal came after INTFOR, a leading metallurgical company in Romania, purchased a steel-rolling production line worth 8 million U.S. dollars from Zhengzhou Top in 2007, said Zhao Linzhen, manager of the company.

The production line arrived in Romania last December and was put into production in May. The Romanian authorities have expressed satisfaction over the deal.

The new contract involved more than 10 million dollars in retrofitting an old steel-rolling production line and the complete equipment for a new steel-rolling production line worth more than 400 million dollars.

Zhengzhou Top, established in 1995, is a high-technology private enterprise which researches and produces rolling mills and relative equipment. The company has gained more than 21 patents in 62 countries and regions in the world.

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