CMI Industry and Siemens VAI signed in May a global strategic cooperation agreement for the stainless and electrical steel market segments (processing lines and related mills). This transaction brings together Siemens VAI references in all major stainless and electrical steel markets and CMI Industry’s leading process know-how in chemical and thermal processes related to this market.
Building on this partnership, CMI Industry and Siemens VAI offer the stainless and electrical steel producers the best combination of mechanical, rolling, chemical and thermal technologies. Together, they offer the most cost-effective and energy-efficient world-class solutions.
The first market concerned is China. The deployment of the partnership will continue gradually to other regions. It will be finalized by the end of 2012.
More info in this Press Release.