According to foreign reports, Fiat Auto's shareholders recently passed a plan to split truck, agricultural machinery and construction machinery businesses. In January 2011, Fiat Industries will be separated from the Fiat automotive business, and Fiat Industrial shares will be distributed to existing Fiat shareholders in a 1:1 ratio. After the split, Fiat and Fiat Industries will be trading on their own in the Milan Stock Exchange and will be managed independently by their respective management team and board of directors. However, the Fiat split plan was opposed by the independent union of the CUB. After the union is concerned about splitting, Fiat will pay more attention to the U.S. business and thus ignore the interests of Italian workers. On September 16th, Fiat CEO Malchone said that by 2014, Fiat expects the annual production of automobiles will reach 6 million vehicles. Fiat now holds a 20% stake in Chrysler, and plans to expand its share to 35% by the end of next year.
Galvanized steel pipe is a kind of Carbon Steel Pipe, mostly welded pipe, Galvanized steel pipes are divided into cold galvanized steel pipes (electro galvanized steel pipes) and hot-dip galvanized steel pipes. At present, hot-dip galvanized steel pipes are mainly used in fire protection, electric power and highways.
Galvanizing can increase the corrosion resistance of steel pipes and prolong their service life. Galvanized pipes are widely used. In addition to being used as pipeline pipes for water transmission, gas, oil and other general low-pressure fluids, they are also used as oil well pipes and oil transmission pipes in the petroleum industry, especially in offshore oil fields, as well as pipes for oil heaters, condensing coolers, coal distillation oil washing exchanges of chemical coking equipment, as well as trestle pipe piles, support frames of mine tunnels, etc.
Hot-dip galvanizing (HDG), as referenced is the process of dipping fabricated steel into a kettle or vat of molten zinc.
Hot-dip galvanizing (HDG) is the process of coating iron, steel or ferrous materials with a layer of zinc. This done by passing the metal through molten zinc at a temperature of 860°F (460°C) to form zinc carbonate (ZNC03). Zinc carbonate is a strong material that protects steel and can prevent corrosion in many circumstances. Hot-dip galvanizing can be carried out cheaply and in large batches.
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Fiat shareholders agree to split truck and construction machinery business