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Service joint venture of Primetals Technologies and HBIS

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On September 1, 2017, “Primetals Tangshan Technology Services Ltd.”, (PTTS), a joint venture

between Primetals Technologies and HBIS Tangshan Iron and Steel Group (Tangsteel), started its

operation. The joint venture will be headquartered in Tangshan and in a first step operate in several

locations within the Hebei province. PTTS aims to provide comprehensive technology based services in

off line maintenance, equipment refurbishment, condition monitoring, as well as operational support for

the slab casters of Tangsteel and other customers. The company with its 400 employees will use

proprietary Primetals Technologies maintenance technologies and know how, with the purpose of further

improving operational efficiency and product quality.