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Daewoo International Presentation

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Daewoo International Corporation

Daewoo International Corporation

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  • 1. 1 2013 Daewoo International
  • 2. 2 Contents I III ▶ Corporate Outlook ▶ Organization & Personnel ▶ Global Network ▶ Core Competency ▶ Vision 2020 Synergy with POSCO Family Business Area Company Profile II
  • 3. 3 Corporate Outlook Daewoo International (DWI)  Establishment : 1967  Sales Volume (2012) : USD 18.2 Billion  Vision : Challenging towards Global Top Company  Major Business Sector · International Trade · Project Organizing · Resource Development · Overseas Investment  Employee : 3,312 (except employees in manufacturing)  Global Network : Total 99 (58 countries) 20 16 12 4 20092008 $ 18.2 Billion 2011 Sales Volume (CAGR = Compound Annual Growth Rate) (Operating Profit) (Sales Volume) 2010 2012 USD 151M * Since 2011, K-IFRS standard used 8
  • 4. 4 Organization & Personnel Global Network : 99 Total Employees : 13,515 Trade & Investment TradeAdministration  5 Groups  19 Divisions  66 Teams  45 Branches  19 Subsidiaries  20 Subsidiaries (Manufacturing) - Major 8 - Minor 12  2 Divisions  7 Department  1 Team HQ (Korea)  693 Domestic Business  Busan Factory  Department Store  1 Energy (East Sea 6-1)  217 Employees Employees Overseas Manufacturing Investment Energy & Resource  7 Energy  6 Mineral Resource  2 Agro Resource * Total Employees : Includes 10,257 in overseas manufacturing factories Employees  Factory: 789  Dept. store: 217 Overseas Employees  Koreans : 240  Global Staffs : 1102 (As of Apr. 2013)
  • 5. 55 Core Competency Trade & PJT Expertise • Stable & Synergy-creating Biz Portfolio - Trade : Steel, Metal, Chemical, Machinery etc. - Project Organizing: IPP, Plant, Transportation - Energy/Mineral Resource/Agro Resources Development: 16sites - Manufacturing Investment: 20 in 13 countries Global Biz Network Business Portfolio • Korea’s No. 1 Overseas Biz Network - 124 Overseas Units in ** Countries - 6,000 Partners in 180 Countries • 46-year Trading & Investment Know-how • Trade & Project Experts - Global Competency and Vast Experience DWI, The Best Trade / PJT Organizing / Resource Development Company • Korea’s No. 1 Overseas Biz Network - 99 Overseas Units in 58 Countries - 6,000 Partners in 180 Countries
  • 6. 66 Vision 2020 Korea’s No.1 Trader Korea’s Leading Developer Niche Organizer • Sales Volume: $15.7 Bil. • Operating 3 Projects (Myanmar gas, East Sea, Indonesia Palm Oil) • Power, Paper Manufacturing Plant Global Major Trader Energy/Resource Portfolio Operation • Top 10 Sales Volume • Operating 4 Projects • Equity Investment on over 10 Projects • Country Marketing • Large-size, Complex Project Development ~2020~2012 Sales USD 65 Billion / Pre-tax Income 2.2 Billon Project Developer “Challenging towards Global Top Company” DWI, Achieve Sales Volume of USD 65 Billion through Vision 2020 Nurture All Employees as the Global Best Talent 50% or Higher Long-term Stable Profit Weight Lead and Build up Family Cooperation
  • 7. 7 Contents I ▶ Business Group ▶ Business Sector - International Trade - Resource Development - Project Organizing - Manufacturing Investment Business Area Company Profile Synergy with POSCO Family II III
  • 8. 8 Business Group BUSINESS GROUP DIVISION MAIN BUSINESS/ITEM Business Group 1 Hot Rolled Steel Division Hot Rolled Steel(POSCO Origin), API Plate & Wire Rod Division Plate, Wire Rod, Slab Energy Steel Division API Plate & HRC, Offshore / Wind Tower Plate, API Pipe Cold Rolled Steel Division Cold Rolled Steel(POSCO Origin) Automotive Steel Division Hot-dip Galvanized Steel Special Steel Division Stainless Steel Business Group 2 Machinery & Plant Division Industrial Machinery, Plant, Defense Industry Products Power Energy Infra Division Power Generation Plant Projects Automotive Component Division I Automotive Components(OE) Automotive Component Division II Automotive Components(RE) Electronic Industry Division Electronic/IT Products Business Group 3 Steel Raw Materials Division Steel Raw Materials, Steel Semi Products , Deformed Bar Non-Ferrous Metal Division Copper, Nickel, Aluminum, Zinc, Lead, Tin, Finished Products of Copper & Brass Commodity Division Development for Agricultural Resources & Textile Materials Business Group 4 Chemical Division 1 Petroleum Products, Petrochemical Raw Materials, Detergent Raw Materials Chemical Division 2 PE, PP, PS, ABS, PVC, PU Raw Materials, PET Resin, Textile Materials, Polyester Raw Materials, Plasticizer Chemical Division 3 Synthetic Rubber, Fertilizer, Paper, Inorganic, Fine Chemical Products Energy & Resources Group E&P Division Development for Energy Resources Mineral Resources Division Development for Mineral Resources
  • 9. 99 Business Sector DWI, Diversifying its Business Model in a way that Creates a Synergy To Create Synergy International TradeEnergy & Resource Project Organization & Development ○ Organization : Industrial/Power Plant, Infrastructure (Ex. Railway, Port) ○ Development : Package Deal (Resource + Plant), IPP Main Business Sectors of DWI International Trade Project Organizing Resource Development Overseas Investment Stable Supply Exploration Development Production Marketing Raw Material Production Distribution & Processing Package Supply Marketing
  • 10. 10 DWI, Trading a Variety of Items / Specialized in Triangular Business Business Sector – International Trade Ex. Steel Raw Materials Triangular Business Resource Development Co. In Overseas Steel Mills in ChinaSao Paulo Branch Sydney Branch DAEWOO INDIA Moscow Branch Johannesburg Branch DAEWOO CHINA BUYING SELLING 100 47 18 2 10 3 1 19 Total Steel Non Ferrous Metal Machinery/ Automotive Textile Item HR, CR, STS Non-Ferrous Metal, Steel Raw Materials Machinery, Plant Automotive Components, Parts Cotton, Cotton Yarn & Fabric Textile Materials, Woven Apparels Petroleum Products, Chemical Raw Materials PE/PP, PVC, PET Resin, Fertilizer etc Chemical Agriculture/ Fisheries Electronics Grain, Foodstuff, Coal, Mineral & Construction Materials Electronic / IT Products, System Integration Defense Industry Products 2013 Sales Ratio for Trade Triangular Business Export 50% Triangular 46% import 4% Unit (%) 46% of Trade is accomplished by Triangular Business
  • 11. 11 16 Resources Development Projects including 5 Projects as Main Operators Business Sector – Resource Development 8 Energy Projects 6 Mineral Resources Projects CANADA Kiggavik (uranium) PERU Block 8 (oil) MYANMAR A-1 (gas) (Operator) VIETNAM 11-2 (gas) MYANMAR A-3 (gas) (Operator) MYANMAR AD-7 (gas) (Operator) OMAN KOLNG (Gas) MADAGASCAR Ambatovy (nickel) KOREA East Sea 6-1 (Operator) BOLIVIA Corocoro (copper) AUSTRALIA Marree (uranium) AUSTRALIA Narrabri (coal) (As of Apr. 2013) 2 Agro-Resources Projects RUSSIA Tomsk (Woods) INDONESIA Palm Oil (Operator) CAMEROON Mayodale (tin) Hong Kong SEAGP
  • 12. 12 Project Equity Reserve History & Status Remarks Peru Block 8 (Oil Field) 11.7% 28 MM bbl - 1996: Participation (Operator : Pluspetrol) - Production: 11,000 bbl/day (Crude Oil) - Earnings: US$ 11 mm in 2012 US$ 13 mm in 2011 US$ 12 mm in 2010 Vietnam offshore Block 11-2 (Gas Field) 4.9% 0.73 TCF 15 MM bbl - 1992: Participation (Operator : KNOC) - Dec. 2006: Commercial Gas Production - Production : 152 mmscf/day (Gas) 3,800 bbl/day (Condensate) - Earnings: US$ 4 mm in 2012 US$ 4 mm in 2011 US$ 6 mm in 2010 Myanmar offshore Block A-1 (Gas Field) 51% (*Operator) 3.3~ 5.6 TCF - Jan. 2004: Discovery of Shwe Gas Field - Mar. 2005: Discovery of Shwe-Phyu Gas Field - Aug. 2006: Reserves Certification in Shwe & Shwe-Phyu Gas Fields (from GCA) - GSPA in Dec. 2008 - Declaration of Commerciality in Nov. 2009 - EPCIC Contract in Feb. 2010 - FDP Approval in Mar. 2010- - Gas Sales in 2013 Myanmar offshore Block A-3 (Gas Field) 51% (*Operator) 1.3~ 2.2 TCF - Jan. 2006: Discovery of Mya Gas Field - Aug. 2007: Reserves Certification in Mya Gas Field (from GCA) Myanmar offshore Block AD-7 60% (*Operator) n/a - Feb. 2007: PSC Signed - Mar. 2007~Jun. 2013: Study Period - Jul. 2013~Jun. 2015: Exploration Period - Farm-out 40% Participating Interest to Woodside in 2013 Korea offshore Block 6-1S 70% (*Operator) n/a - Sep. 2011: Concession Contract Signed - Oct. 2011~Sep. 2015: 1st Exploration Period MIDSTREAM SEAGP (South East Asia Gas Pipeline Company) 25.041% n/a - Jun. 2010: Establishment of a SPC, SEAGP in Hong Kong (Major Shareholder: CNPC) - Apr. 2010: Establishment of Myanmar Branch Office (Mandalay) - May 2011: EPC Construction Started (On-going) - May 2013: Completion of Pipeline Construction - Transportation of gas produced from Myanmar Block A-1/A-3 to Eastern part of China DOWN STREAM Oman LNG (KOLNG) 20% (1% of OLNG) n/a - 1997: Participation (Operator : Shell) - 2000: LNG Production (Dividend since 2002) - Annual capacity : 6.6mmMT - Earnings: US$ 19 mm in 2012 US$ 17 mm in 2011 US$ 13 mm in 2010 • TCF : Trillion Cubic Feet / KNOC: Korea National Oil Corporation / GCA: Gaffney, Cline & Associates / GSPA : Gas Sales & Purchase Agreement • FDP : Field Development Plan / PSC : Production Sharing Contract / SPC: Special Purpose Company Business Sector – Energy Resource DevelopmentENERGYRESOURCES PRODUCTIONDEVELOPMENTEXPLORATION
  • 13. 13 Business Sector – Mineral and Agro Resource Development Project Equity Reserve Remarks Madagascar Ambatovy (Nickel) 4.0% 125 MM tons - 2006: Participation - Parties: Sherritt 40%, Sumitomo 27.5%, KC 27.5% (KORES 17.5%, others) - Production in 2012 (Production period: 29 years) - Annual Capacity: Nickel 60,000 MT, Cobalt 5,600 MT Australia Narrabri (Coal) 5.0% 230 MM tons - Aug. 2009: Participation - Parties: Whitehaven 70%, KORES 2.5%, others - Annual Capacity: 6 mm MT (Production in 2010) Canada Kiggavik (Uranium) 1.7% 40,616t - 1983: Participation - 2008~2014: Environmental assessment study, F/S Australia Marree (Uranium) 10% n/a - 2008: Participation - Exploration in progress Bolivia Corocoro (Copper) 5% n/a - 2008: Participation - Exploration in progress Cameroon Mayo Dale (Tin) 100% n/a - Apr. 2011: Cameroon Corporation established - Jul. 2011: Approval of Mining Right for Mayo Dale’s tin Indonesia (Oil Palm) 85% 36,000 ha - Aug. 2011: Contract signed - Sep. 2012: Initiated Oil Palm planting - Apr . 2013: Oil Palm tree planted (2,400ha, 310,000ea) Russia (Forest) 50% 209,000 ha - Aug. 2011: Contract Signed - Nov. 2012: Started wood harvesting and marketing - Jun. 2013: Expected to implement construction of veneer mill •KC: Korean Consortium / KORES : Korea Resources Corporation MINERALRESOURCES DEVELOPMENTEXPLORATION AGRO RESOURCES DEVELOPMENT
  • 14. 14 DWI, Operating Myanmar Gas Project toward Gas Production in May 2013 Business Sector – Myanmar Gas Project • Block Block A-1 (since Aug. 2000) Block A-3 (since Feb. 2004) • Location Northwest Offshore of Myanmar • Contract Production Sharing Contract • Investment Total : 1,713 M (USD) • Equity DWI (Operator) 51% ONGC Videsh 17% MOGE 15% GAIL (India) Limited 8.5% KOGAS 8.5% •TCF (Trillion Cubic Feet), 4.5~7.7 TCF is 0.8 ~ 1.4billion barrel of oil equivalent •GSPA : Gas Sales & Purchase Agreement / EPCIC : Engineering, Procurement, Construction, Installation & Commissioning • Process for Gas Production Myanmar Gas Development Project − Dec. 2008: GSPA (CNUOC) − Nov. 2009: Declaration of Commerciality − Feb. 2010: EPCIC Contract − May 2013: Gas Production
  • 15. 15 DWI, Covering Every Step of Project Organizing (Financing / Plant / Operation) Business Sector – Project Organizing Papua New Guinea Power Plant Project Finance Local Government Electric Power Supply Construction/Maintenance Capital Investment Insurance Capital InvestmentProject Organizing Papua Power Plant  Structure• Establishment 1996. 8. 16. • Location Port Moresby, Papua New Guinea • Project Scheme BOT (Build Own Transfer) IPP (Independent Power Producer) • Investment USD 16 Mil. • Sales (2012) USD 25 Mil. • Capacity 24 Mega Watt/Year Supply 40% of Papua Metropolitan area electricity demand DWI 49% Doosan Heavy Industry 51% • Equity EDCF Green Energy (Sun & Wind Energy) Social Infrastructure Oil & Gas, Refinery, Petrochemical Plants Power Plant (IPP, BOT) EDCF (Economic Develop -ment & Cooperation)
  • 16. 16 DWI, Positioning to Become the World’s Biggest Lateritic Nickel Mine Business Sector – Resource Development Madagascar Ambatovy Nickel Project  Structure • Project Madagascar Ambatovy Nickel Project • Investment Total (USD) : 7.1 Bil. • Equity DWI 4% Sherritt 40%, Sumitomo 27.5%, SNC-Lavalin 5% KORES 17.5%, Samsung CNT 3%, HHI 1.5%, STX 1%, Hyundai Corp. 0.5% • Reserve 169 Mt @ 1.04% Nickel, 0.10% Cobalt • Production Nickel 60,000 ton/year Cobalt 5,600 ton/year  30,000 ton Nickel for Korean Consortium  19,500 ton for Daewoo (65% of Korean Consortium) Capital Investment O&M Company Operation / Maintenance Sponsors Lenders Group Loan Guarantee 40% 27.5% 27.5% 5% 17.5% 4% 3% 2% 1% K A C Ambatovy Plant Site
  • 17. 17 DWI, Operating 10 Manufacturing Subsidiaries to Create a Synergy with Trading Business Sector – Manufacturing Investment Overseas Manufacturing Investment CHINA Paper PNG Power Producer UZBEK Textile UZBEK Textile SUDAN Medicine Subsidiary Investment 9 USD 120 Mil. MEXICO Coil Center BRAZIL Coil Center INDONESIA Coil Center MALEISIA Battery (As of Apr. 2013)
  • 18. 18 Contents I ▶ POSCO Overview ▶ POSCO Business Portfolio ▶ Major Products of POSCO Business Area Company Profile Synergy with POSCO GROUP II III
  • 19. Innovative challenges have made POSCO the world’s best steel company 1980 1990 20001970 2010 2000 Privatization 1992 Completion of Gwangyang Works (20.8 million T) 1983 Completion of Pohang Works (9.1 million T) 2010 Takeover agreement of Daewoo International 1994 Listed on NY stock exchange (1st Korean company) 2007 Construction of FINEX commercial facilities 1968 Initiation 2010 recorded 33.7million T crude steel production 2010 “No. 1” international steel company (World Steel Dynamics) Overview.. History 19
  • 20. Foster individual employee progress with education programs, which in turn will aid POSCO’s growth into the future Achieve growth of both the company and the individual employee Implement Smart Workplace and new skills training systems; achieve advanced family management system based on sharing for mutual gain Implement future-oriented, advanced family business management system Advance from steel-oriented to future-oriented company, achieving balance between current and new businesses Advance business scope to achieve future oriented excellence Expand steel business into Eurasia/Americas; establish frontiers in new, resource abundant areas to do business in all possible areas of the world Expand business presence throughout the globe Become a global leading company with all POSCO’s family by 2020 Great Challenge Great Voyager Great Workplace Great People Expand business scope Expand business presence Achieve human progress Overview.. Vision 2020 Advance business practices Continued Challenge to Achieve New Dreams
  • 21. Achieve 200 trillion won in sales through balance and harmony of steel & non-steel, traditional and future industries as well as manufacturing and service industries. Steel supplier Steel Expansion Group Seed • Green/Marine • Investment/Distribution • Synergy Enterprise Growth • E&C, ICT • Energy, Chemicals 113 31 7 46.3 200 trillion won in sales (2010) 20 trillion won 35 17 5 5 • Steel/Raw materials • Materials/Support Future Competitive Biz Portfolio Group Core 20 6.8 Investment (~2020) 120 trillion won Steel Raw materials Materials E&C Energy ICT Chemistry Synergy etc. 5.7 Achieve 200 trillion won in sales 1973 1993 2010 2020 10 14 2 2 56 6 6 24 E&C Energy ICT Chemistry Synergy etc. Steel (Support) Materials Synergy etc. Steel etc. E&C etc. 60 trillion won 120 trillion won Overview.. Vision 2020 Development and the Future
  • 22. ★ ★★ ★ ★ ★ ★ ★ ★ ★ ★★★ ★ ★★★ ★ ★ ★ ★★ ★ ★ ★ ★ ★★★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★★ ★★ ★★ ★★ ★ ★ ★ ★★★★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★★ ★ ★ ★ ★ POSCO Family stands tall on the global scene through its 8 international business sites, approximately 50 mutual investment companies and 80 business networks. ★ International mutual investment company ★ Daewoo International Network ★ International business site Business Portfolio.. Global Leadership
  • 23. Carbon and stainless steel - hot-rolled, cold-rolled, plates, wire rods, electric steel plates, special steel, surface treated steel sheets etc.  World’s largest unit steel plant at Gwangyang  Pohang plant equipped with 4 furnaces, set new world record for daily output  First in world to produce TWIP for automotives  Production bases, processing plants and sales routes established throughout the world for fast response to customer needs Major products Internationally renowned, world’s best steel company Core Family Business Portfolio.. Steel
  • 24. High-value carbon materials, Magnesium, Titanium, Ferromanganese, Zirconium tubes, Lithium, rare-earth metals Major products Striving to become a global leader in total material supply  Focus on high-strength, ultra-light base materials and advanced materials  Established production of magnesium, titanium  Expected production of automotive steel materials ?ferromanganese, zirconium tubes  Developing technology to extract lithium from sea water, focus on production of rare-earth materials  Construction of factories for cathode material of secondary batteries, focus on pursuing high-value carbon materials Business Portfolio.. New Materials
  • 25. • Plant engineering skills and expertise from construction of Pohang, Gwangyang plants • Experience and human capital provide foundations for excellence in steel, environment, energy plants Major advantages Providing a total solution for engineering & construction  Success in construction, civil engineering, housing, city development  Business diversification into environmentally friendly projects such as water desalination, offshore plants, new renewable energy  Large-scale international city development projects, overseas plants Business Portfolio.. E&C Core Family
  • 26. Import of LNG, operation of Gwangyang LNG terminal, SNG business, CDM business Major businesses A leader in low-carbon green growth through our energy business  Development of energy resources overseas : Oil & gas development beginning with central Asia  Power generation: LNG combined cycle power plants, residual gas power plants  Fuel cell energy : Claimed to be next generation energy  Renewable energy: Creation of wind, tidal power, solar energy  Waste energy : Rotary hearth furnace energy(RHF), waste water sludge Business Portfolio.. Energy Core Family
  • 27. Engineering, process automation, IT services Major businesses Leading the Age of Convergence with the provision of IT & engineering services  Expansion of IT convergence business  Entry into new growth areas such as LED lighting, smart grid, cloud computing  Secured key competencies in environmentally friendly industries, railroads & transportation, renewable energy, radioactive plants Business Portfolio.. ICT Core Family
  • 28. • International trade: steel, metal, machinery, chemicals • Resource development : Gas field developments in Miyanmar • International investment : International projects & operation of investment company Major businesses POSCO family & Daewoo International’s global infra network Daewoo International’ joined the POSCO family in 2010. This general trading company has a history of 40 years, trading with over 100 global network cells, 6,000 channels and 3,000 items  Increase of steel sales, development of steel raw materials  Develop mineral resources for new materials, a new growth area for POSCO Business Portfolio.. Trade Core Family
  • 29. Hot-rolled products include hot-rolled coil, which is formed out of hot strip mills, and hot-rolled sheet, which is made by cutting hot-rolled coil. Some of the hot-rolled coils from hot strip mills are sold as finished products or used as intermediate materials for cold-rolled coils and electrical steel to be reprocessed later into high value- added products. The industrial application of hot-rolled steel is diverse, as it is very strong and corrosion- resistant as well as being easily welded and highly workable. Pipes, beams, automotive frames/wheels, containers, etc. Hot-rolled Steel Major Product.. Hot-rolled Steel Major Applications
  • 30. Plate products generally refer to steel plates with a thickness of 6mm or thicker. While they are mainly used for vessels, bridges, large structures, and shipbuilding plates, usage also includes a wide variety of special applications such as extremely low temperature containers, industrial machinery, and military equipment. More investment is underway in developing plate manufacturing technologies for welding and offshore structures, pressure containers and products under severely cold weather conditions to respond to sophisticated industrial needs. Ships, bridges, large structures, shipbuilding plates, etc. Steel Plates [Major Product] Steel Plates Major Applications
  • 31. Wire rod products are divided into general and special steel. General steel can also be classified into general wire rods that are used in daily life, like screws and nails, and special wire rods which are used in the manufacturing of cars, bridges, machinery, submarine cables, etc. Special steel is used to manufacture automotive bolts/nuts, high-tensile architectural bolts, bearings, springs, piano wire, tire cords, etc. More advanced products of higher strength and lighter weight are also being developed by POSCO. Bridge wire, tire cords, architectural structures, springs, etc. Wire Rods [Major Product] Wire Rods Major Applications
  • 32. Cold-rolled products are high-quality and high-grade steel products with a flawless surface and superior formability, which are used in a wide variety of applications ranging from home appliances such as electronic washing machines and refrigerators to vehicles, industrial machinery, and construction materials. We are constantly discovering new applications such as for steel cans and steel houses, and are putting every effort into supplying the most optimum products that can satisfy customer needs. Automotive plates, high-end home appliances, metal furniture, etc. Cold-rolled Steel / Galvanized Steel [Major Product] Cold-rolled Steel/Galvanized Steel Major Applications
  • 33. Being highly electromagnetic, electrical steel is in ever greater demand as the need for clean energy grows to support continuing efforts to conserve energy and prevent environmental degradation. This steel is also called silicon steel, due to its high silicon content, and is divided into grain-oriented and non-oriented steel sheets according to its magnetic property. Electrical steel is usually used as iron core material for current transformers, power generators, motors, etc. Current transformers, motors, power generators, etc. Electrical Steel Plates Major Product.. Electrical Steel Plates Major Applications
  • 34. Being strongly corrosion-resistant with its flawless surface, stainless steel products are made from high value- added special steel that can be used in various applications without extra surface treatment. Stainless steel is mainly used in kitchenware, automobile parts, and chemical facilities. Ever since it was used in the construction of Incheon International Airport and the Seoul World Cup Stadium, in particular, its popularity as a material for building exterior walls and roofs has been rising. Kitchenware, medical devices, building interiors/exteriors, chemical facilities, car parts, etc. Stainless Steel Major Product.. Stainless Steel Major Applications
  • 35. 3535 Thank You!

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