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Nippon Steel has transferred its 25pc equity investment and business from Guangzhou Pacific Tinplate (PATIN) to the Guangzhou High Tech Investment Group. 


PATIN is located in the Huangpu district in Guangzhou, which is going through major economic changes due to its upcoming urban development plans. These shifts in the region have compelled the Japanese steelmaker to withdraw its investment in PATIN, Nippon stated in a statement on Wednesday. 


That said, Nippon Steel will still continue its tin plate business in China through its WISCO-NIPPON steel Tinplate Co. 


PATIN began production in 1997 and uses advanced equipment to produce high-quality tin plates with a production capacity of 200,000mt annually. 

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