Trade Resources Industry Views Construction Work Commenced on a Stainless Steel Industrial Park in Lanzhou New Area

Construction Work Commenced on a Stainless Steel Industrial Park in Lanzhou New Area

On October 27, construction work commenced on a new stainless steel industrial park in Lanzhou New Area in China's Gansu Province, as announced by local media in Lanzhou. Investment in the project is expected to total RMB 3 billion ($0.49 billion).

The new park will consist of four sub-projects: a stainless steel sheet project with an annual production capacity of 400,000 mt, a high-quality stainless steel products project with an annual capacity of 200,000 mt, a stainless steel tube production project with an annual capacity of 100,000 mt, and a common stainless steel products project with a capacity of 50,000 mt per year. Upon completion, the overall annual sales revenue of the park is expected to reach RMB 10.88 billion ($1.79 billion), with 2,490 new jobs expected to be provided.

Source: http://www.steelorbis.com/steel-news/latest-news/construction-starts-on-stainless-steel-industrial-park-in-lanzhou-791465.htm
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Construction Starts on Stainless Steel Industrial Park in Lanzhou
Topics: Metallurgy