Under the agreement, the parties will establish a mould flux production plant and distribution hub near Trieste in northeastern Italy through their joint venture Shinagawa Danieli Advanced Materials S.p.A. (SHINDAN). The ownership structure will see SHINAGAWA holding a 51% stake, while Danieli will own the remaining 49%. The project will be implemented under an agreement with the Port of Trieste.
SHINAGAWA currently operates mould flux production facilities in Japan, China and the United States. Leveraging its long-standing manufacturing expertise, the company aims to supply its advanced mould flux technologies to European, Middle Eastern and African markets through the new facility.
Danieli, meanwhile, is active in the supply of equipment for steel production plants, particularly in the field of continuous casting equipment. The new plant is expected to incorporate modern automation systems and dedicated R&D infrastructure. In addition to manufacturing, the facility will also serve as a logistics hub, according to the companies.
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