We support growth in China through our relationships with our Chinese partners, creating value-added products that are oriented towards the Chinese market, and we also bring global expertise in efficient resource use and environmental management.
ArcelorMittal is the largest foreign investor in the Chinese steel industry through its joint venture with Hunan Valin Iron & Steel Co., Ltd. Valin ArcelorMittal Automotive Steel Co., Ltd. (VAMA), located in the economic zone of Loudi, Hunan province, was jointly established in 2014 with stakes of 51% and 49% held by Valin Steel and ArcelorMittal respectively.
In addition to VAMA, we also have sales offices in Beijing, Shanghai and Urumqi, and run a delivery network though Luxembourg Steel (Sichuan) Co. Ltd.
Corporate responsibility is a core element of our long-term strategy to respond to stakeholer needs in China and we have published CR reports in 2012 and 2014. As the company embraces the ten new sustainable development outcomes in 2015, we look forward to planning for their achievement in China.