By Lily Bearings
©2004-2008
Special Steel Division of Baosteel Group Visited SKF China
Representatives from Special Steel Division of Baosteel Group paid a visit to SKF (China)Investment Co. Ltd. The both parties had a friendly discussion about cooperation programs in the next period.
SKF (China) Investment Co. Ltd., established in 1997, is the head office of SKF business in China. The company is responsible for the management of SKF Group's investment in China. It also supports further development of SKF business through various activities.
Baosteel Group Corporation (Baosteel) is the most competitive steel producer of China, and has been one of the Fortune Global 500 for five consecutive years from 2003 to 2007. In 2007, Standard & Poor granted the long-term credit level "A -" to Baosteel Group Corporation and Baosteel Co., Ltd. and raised their prospect rating from "stable" to "positive", a new breakthrough after its record-high credit level "A -" was registered in December 2006. In the same year, Baosteel for the third time entered the Fortune's list of the Global Most Respected Companies.