API 5L Line Pipe SSAW Steel Pipe
Certificate: EN10217, EN10219, API 5L PSL1/ PSL2, API 5CT
Out Diameter: 168.3mm –3048mm
Wall Thickness: 3.2mm-30mm
Length: Up to 50m
Steel Grade:
API 5L: GR A, GR B, X42,X46, X56, X60,X65,X70
ASTM A252 GR 1, GR 2, GR 3
ASTM A53: GR A, GR B, GR C, GR D
BS 4360: Grade 43, Grade 50
EN: S275, S275JR, S355JRH, S355J2H
Surface: Fusion bond Epoxy coating, Coal Tar Epoxy, 3PE, Vanish Coating, Bitumen Coating, Black Oil coating as per customer`s requirement
Test: Chemical Component Analysis, Mechanical Properties (Ultimate tensile strength, Yield strength, Elongation), Technical Properties (Flattening Test, Bending Test, Blow Test, Impact Test), Exterior Size Inspection, Hydrostatic Test, X-ray Test.
Piling SSAW Steel Pipe, API 5L SSAW Steel Pipe, Big Diameter SSAW Steel Pipe, Structural SSAW Pipe Cangzhou Weiheng Pipe Industry Co.,Ltd , https://www.czweiheng.com
The western resources that were suspended for several days formally announced that it intends to raise 3.618 billion yuan through the non-public issuance of stocks for the acquisition of equity in the four new energy automobile industry chain companies and supplementary cash flow, thus completing the strategic layout of new energy vehicles. The shares of the company will resume trading today.
The announcement shows that the number of non-public issuance shares of Western Resources will not exceed 525 million shares, and the issuance price will be 6.89 yuan per share. The target of this acquisition is 80% equity of Shenzhen Wuzhoulong Automobile Co., Ltd. and Chongqing Hengtong Bus Co., Ltd. 59 % Equity, 57.55% equity of Chongqing Transportation Equipment Finance Leasing Co., Ltd., and 35% equity interest in the acquisition of Chongqing Hengtong Electric Bus Powertrain Co., Ltd. The specific amount of each target acquisition has not yet been determined.
Western Resources said that in recent years, Tesla as the representative of the auto manufacturers set off a new energy car boom, China also implements new energy vehicle strategy, including new energy buses will be the focus of our country to promote the model, the market prospects are very broad.
For the acquisition of the subject, Western Resources believes that Wuzhoulong Automobile, Hengtong Bus, Hengtong Electric and other companies have sufficient technology reserves in the field of new energy buses, and have formed a complete new energy bus production and sales system. Chongqing Jiao Leasing will provide a financing platform for the company's new energy vehicle sales.
In the previous announcement, Western Resources has announced its acquisition of Hengtong Bus and its supporting companies, and Wuzhou Long Motors has disclosed for the first time. It is reported that Wuzhou Long Automobile, which was established in 2002, is an automobile manufacturing enterprise that launched the research and development of new energy buses earlier in China, and has the capability of mass production of power batteries.
As Western Resources had previously acquired 7% of Hengtong Bus and acquired 31% of Hengtong Electric held by Weihong Power, after completion of the above transaction, Western Resources will hold 66% of Hengtong Bus and 66% of Hengtong Electric. In the company's fundraising, the remaining funds will be used for the follow-up development of Western Resources New Energy Vehicle business.
Western Resources announced in the announcement that following the completion of the non-public issuance, the company will realize the integration of lithium battery materials, lithium battery assembly, new energy vehicle development, manufacturing and sales based on lithium ore as the raw material basis, and create new energy sources. The complete industrial chain of the automotive sector. Prior to this, Western Resources had obtained 85% of Longneng Technology and established Suzhou Yuliang Battery Co., Ltd. together with Suzhou Power Technology, holding 80% of the shares. The two companies will respectively focus on the research and development of lithium battery materials and lithium battery cells.