Baosteel, Chinalco, AVIC ink jumbo aircraft supply deal

Baosteel Group, Aluminum Corp of China (Chinalco) and Aviation Industry Corporation of China (AVIC) signed strategic agreements on Jan. 10 with Commercial Aircraft Corporation of China Ltd (CACC), to supply materials for the jumbo aircraft project, sources reported.

Baosteel has successfully developed the qualified steel with 300M ultra-high strength and 4 grades of titanium alloy structure for huge air craft undercarriage. Besides, the research and development (R&D) of specialized steel for the aircraft's engines is under way.  

Chalco's subsidiary, the Southwest Aluminum Co Ltd, has earmarked RMB 2 billion to set up the aluminum alloy plate production line to manufacture supporting materials for large aircrafts. 

CACC expects to cooperate with the three companies for more innovations and technological breakthroughs in domestic material supply, said Wu Guanghui, vice manager of CACC. 

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