About Valin ArcelorMittal Automotive Steel Co., Ltd. (VAMA)
Valin ArcelorMittal Automotive Steel Co., Ltd. (VAMA), located at the economic zone of Loudi, has been jointly established by Valin Steel and ArcelorMittal. The registered capital of the company is 3.936 billion yuan, with 50% and 50% held by Valin Steel and ArcelorMittal separately.
As one of the major investment projects jointly approved by NDRC and Ministry of Commerce, the automotive steel project is expected to complete and put into production in June 2014, with the comprehensive construction started in June 2012. The total investment will be 5.2 billion yuan. The annual production capacity of the company will be 1.5 million tons, including 800,000 tons of cold rolled coils, 200,000 tons of aluminum coils, and 500,000 tons of hot-dip galvanized coils.
VAMA will adopt the most advanced technology of automotive steel production, closely cooperate with the local carmakers, and lead the sustainable development of the automotive steel industry. ArcelorMittal and the Valin Group have signed the package contract in June 2012.
Accordingly, ArcelorMittal, the world's leading integrated steel and mining company, is committed to transfer the most advanced automotive steel production technology, including Advanced and Ultra High Strength Steel (AHSS and UHSS) grades with levels up to 1200 MPa and Usibor®1500P, to VAMA and assist VAMA to complete the quality control and R&D system.
Based on this, VAMA will produce state-of-the-art grade steels for safe and cost efficient lightweight design, superior surface quality and coating technology, and thus to fulfill the increasing demand of the lightweight automotive steel production in China.
VAMA will focus on the automotive market of China, and strives to supply safer and more environmental-friendly high-end automotive steel for the production in the local market. Upon completion, VAMA covers a large range of automotive steel products including those for visible, structural parts, chassis parts and wheels of automobiles. In the future, VAMA’s output will radiate the Northeast region centered by Shenyang and Changchun, North China centered by Beijing, East China centered by Shanghai, South China centered by Guangzhou, Central China centered by Changsha and Wuhan, and the Southwest China centered by Chongqing and Chengdu.
Meanwhile, VAMA aims to supply international carmakers and Tier 1 suppliers as well as promote high-end solutions to the domestic car manufacturers and their supplier networks. VAMA will try to foster partnerships with ArcelorMittal’s major accounts present in China (such as Volkswagen, GM, Ford, PSA, Daimler-Benz, BMW, Toyota, Honda, Renault, Fiat, Nissan) as well as with the large domestic manufacturers like Geely, Chery, Dongfeng, Guangzhou Auto, Shanghai Auto and Changan.
VAMA is the product of a strong partnership between Valin Steel and ArcelorMittal. With the full support from both parts, VAMA will strive together with partners, towards leading China’s automotive industry to the next level.