WRCA forms joint venture with China's Wuhan Iron and Steel

18 April 2008

Wire Rope Corporation of America and Wuhan Iron and Steel have formed a joint venture called WISCO WRCA CO. Ltd. The joint venture, which is 51% owned by WRCA and 49% by WISCO, will produce wire rope in China for the Chinese and Asian markets. Wuhan Iron and Steel Corporation is China's third largest steel producer and the 18th largest in the world.

WISCO WRCA will build a production facility in Wuhan, China, west of Shanghai, on the Yangtze River. WISCO, which is close to the new rope mill, will be the primary supplier of rod to the joint venture. The one-million square foot facility will be able to produce 50,000 metric tons of wire rope products when all of the equipment is installed. The product is exclusively for the Chinese and Asian markets, and is not for export into the North American market.

Total investment in the new venture will be approximately $100 million. Construction of the new plant is expected to start in August 2006 and be substantially completed in 2007, with some specialty installations continuing into 2008. The plant is expected to employ more than 400 people.

Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
David Scales joins Chesterfield Trading sales team
Effective February 1, Scales will become a member of the sales team as a crane, wire rope and rigging specialist.
Custom Truck makes Canadian acquisition
US utility equipment specialist completes US$46.0 million acquisition of HiRail Leasing Group
New 300 tonne Liebherr with 90 metre boom
Liebherr announces 300 tonne mobile crane with 90 metre telescopic boom and 12 tonnes per axle
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail: d.ann.shiffler@khl.com
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: matt.burk@khl.com