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 Hunan Steel Group and ArcelorMittal. The registered capital of the company is 4.01472 billion yuan, with 50% and 50% held by Hunan Steel Group and ArcelorMittal separately.
As one of the major investment projects jointly approved by NDRC and Ministry of Commerce, the automotive steel project was expected to complete and put into production in June 2014, with the comprehensive construction started in June 2012. The total investment was 5.2 billion yuan. The annual production capacity of VAMA is 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. On Feburary 1st 2021, the construction of VAMA phase II project started. The addition of a new innovative coating line which will come on stream by the end of 2022, will increase VAMA’s capacity to produce high-quality, high-strength steels for the Chinese automotive industry by 450,000 tonnes a year, to 2 million tonnes.
VAMA adopt the leading technology of automotive steel production, closely cooperate with the local carmakers, and lead the sustainable development of the automotive steel industry. ArcelorMittal and the Hunan Steel Group have signed the package contract in June 2012.
Accordingly, ArcelorMittal, the leading integrated steel and mining company, is committed to transfer the cutting edge automotive steel production technology, including Advanced and Ultra High Strength Steel (AHSS and UHSS) grades with levels up to 1200 MPa and Usibor®1500,Usibor®2000, 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.
In recent years, VAMA has greatly improved on operating performance, entering the fast lane of development. From 2019 to 2021, the sales volume increased by more than 20% for three consecutive years. VAMA has realized the development and certification of a full range of automotive steel products covering advanced high-strength steels and exposed steels. VAMA’s innovative, market-leading product range of lightweight steels is actively contributing to Chinese auto manufacturers efforts to meet challenging CO2 reduction targets, while simultaneously enhancing vehicle strength and safety.
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. 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 is the product of a strong partnership between Hunan Steel Group 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.