SSAB will build a research and development facility in Kunshan, in line with the company's strategy to establish a strong footprint in China and Asia.
This is part of the earlier announced investment in Kunshan, which also includes a finishing line. The total investment amounts to SEK320 million.
SSAB will set up a research and development center in Kunshan, which will focus on workshop expertise and application development of high strength steels. Chinese customers will receive training on how to use the material in the best way to enhance production efficiency and benefit from SSAB's customer project experience to improve product structural design. The new facility is expected to begin operations in the third quarter 2011.
SSAB is a global leader in value added, high strength steel. SSAB offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world. SSAB employs 8,700 people in over 45 countries around the world and operates production facilities in Sweden and the United States.