The Chinese company TSIC (Tangsteel International Engineering Technology Corp. Tangshan-Hebei) and the Serbian company Delta Inzenjering have founded a joint company, Delta Tang doo Beograd, with the objective of reconstructing the facilities at the Smederevo steel mill, Delta Inzenjering announced.
Let us remind that Zelezara Smederevo was bought in 2016 by the Chinese company HBIS
, within which Tangsteel operates.
The press release emphasizes that the strategy of the Chinese government within the “Belt and Road” project has provided strong support to HBIS in the purchase of the Smederevo steel mill, as well as in the projects of technological transformation of HBIS Srbija.
– The project of HBIS Srbija is an important project of Chinese-Serbian cooperation, which has resulted in both sides' decision to support it through joint activities – the press release says and adds that the founding of a joint company is only the beginning of a long-term cooperation of the two sides.