GKN (GKN) Group announced that its subsidiary Higner has agreed to establish a joint venture with Bazhou Hongsheng Industrial Co., Ltd. (located in Bazhou, Hebei, China). The new joint venture company will produce international quality iron-based powder, which will be an international quality gold. At present, the application for centralized review of operators has been submitted to relevant Chinese authorities, and other relevant approvals will also be carried out.