Huawei seeks top minds

HUAWEI Technologies is again seeking talent through its Top Minds program. Young candidates from all educational backgrounds, schools, and majors can apply but the telecoms giant particularly appreciates accomplishments in mathematics, physics, chemistry, computer science, artificial intelligence, and an ambition to become a technological leader, the Shenzhen-based company announced Tuesday. Candidates who have significant scientific achievements, such as published papers or patents, under their belt or prizes in top-level international competitions, are more likely to be hired.

Different from previous years, the latest Top Minds recruitment campaign does not specify salaries or the number of expected new hires. Before this, the firm promised annual pay in a range of 896,000 yuan (US$123,172) to 2 million yuan.

Baosteel to buy out JV stake

JAPANESE firm Nippon Steel has agreed with Chinese State-owned metals giant Baoshan Iron and Steel to withdraw from their automotive steel sheet joint venture (JV) in Shanghai.

Baosteel will acquire the 50% stake in Baosteel-Nippon Steel Automotive Steel Sheets owned by Nippon Steel for 1.8 billion yuan (US$247.4 million) after the JV’s management period ends Aug. 29, the Shanghai-based parent company announced Tuesday.

The JV was founded by Baosteel, Nippon Steel, and European steelmaker Arcelor-Mittal in 2004. In 2011, Arcelor-Mittal sold its whole 12% stake to Nippon Steel.

Wanhua to build JV facility

CHINESE chemicals giant Wanhua Chemical Group has signed an agreement to establish a joint venture to build an integrated polyolefin complex with a foreign-funded consortium.

The integrated facility, located in Fuzhou, Fujian Province, will have an annual production capacity of 1.6 million tons of polyolefins, a family of thermoplastics that include polyethylene and polypropylene, Wanhua announced Tuesday.

The consortium will comprise United Arab Emirates’ oil giant Abu Dhabi National Oil Company, Australian plastics maker Borealis, and UAE petrochemical firm Borouge and will own half of the JV.