New contract for 5.850t of Cryogenic Steel X7Ni9 in China

Lianyungang Petrochemical Co., Ltd awarded Ilsenburger Grobblech GmbH through Salzgitter Mannesmann International GmbH with the supply of 5.850t of 9% Nickel plates in X7Ni9 for three cryogenic tanks. The contract includes production of cryogenic 9% Nickel plates, welding edge preparation by mechanical milling and rolling to radius of tank shell plates.
The tanks will be used for the new hydrocarbon complex of Lianyungang to store feedstock for two ethylene crackers.

Lianyungang Petrochemical Co., Ltd is located in one of the seven National –Level Petrochemical
Industrial Bases -- XuWei District, Lianyungang Port, Jiangsu Province. The company is constructing a light
hydrocarbon comprehensive processing and utilization project with more than RMB30 billions of total
investment and 3.2 million Mt/y total products in different phases. At the first phase, it contains 1.25 million
Mt/y ethylene complex, 2 sets of 720, 000/ 910,000 Mt/y EO/EG unit, 400,000 Mt/y HDPE unit. The mother
company Zhejiang Satellite Petrochemical Co. Ltd (stock code: 002648, stock abbreviation: Satellite
Petrochemical) is the largest acrylic acid and acrylates manufacturers in China and top five in the world.

Ilsenburger Grobblech GmbH (ILG) is a subsidiary of Salzgitter AG, one of Europe`s leading steel technology corporations. With a workforce of around 750 employees, ILG produces approximately 700,000 tons of heavy plate a year in 350 steel grades for a wide variety of application areas. The company ranks among Europe’s leading heavy plate manufacturers.