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Zhengzhou Top inks $410m rolling mill deal with Romanian firm

(Xinhua)
Updated: 2009-07-29 15:55
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Zhengzhou Top Rolling Technology Co Ltd in central China's Henan province has reached a $410 million rolling mill deal with Romania's INTFOR company, the Chinese company said Wednesday.

The deal came after INTFOR, a leading metallurgical company in Romania, purchased a steel-rolling production line worth $8 million from Zhengzhou Top in 2007, said Zhao Linzhen, manager of the company.

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The production line arrived in Romania last December and was put into production in May. The Romanian authorities have expressed satisfaction over the deal.

The new contract involved more than $10 million in retrofitting an old steel-rolling production line and the complete equipment for a new steel-rolling production line worth more than $400 million.

Zhengzhou Top, established in 1995, is a high-technology private enterprise which researches and produces rolling mills and relative equipment. The company has gained more than 21 patents in 62 countries and regions in the world.