Shougang Century Holdings visits Europe to select a site for a new factory

Shougang Century Holdings, a Chinese steel cord manufacturer, is selecting a site for an overseas factory and has visited Southeast Asia and Europe. Shougang Century Holdings said it has accelerated the pace of building factories overseas to “help the company expand its international business”. The steel cord manufacturer has set a goal of “achieving more than 50 per cent of sales from overseas customers” and “establishing a complete global sales, logistics and service network”.