The local government of the Yanjiang district in Ziyang in China’s Sichuan Province has drawn up a five-year development target for the Ziyang- based facilities of Chinese steel pipe producer Baoji Petroleum Steel Pipe Co., involving construction of a new steel pipe mill within five years, which is expected to start operations in 2017 with an estimated annual output value of RMB 3 billion ($482.3 million), as announced by Sichuan Economic Daily.
Meanwhile, in line with upgrading work being carried out at the Ziyang facilities of Baoji Petroleum Steel Pipe Co., the facilities are expected to have an additional steel pipe output capacity of 50,000 mt upon commissioning of the upgraded plant in June of the current year. The revenues from the output of the Ziyang facilities in 2013 is expect to amount to RMB 400 million ($64.3 million).
