Jining Energy Port and Shipping Group starts Iron and Steel Logistics Processing Base project
2021-03-01 12:05:11 [Print]
On February 26, the groundbreaking ceremony for the construction of the Jining Energy Port and Shipping Group's Iron and Steel Logistics Processing Base project was held.
It's learned that Iron and Steel Logistics Processing Base construction project was jointly built by Jining Energy Port and Shipping Development Group Co., Ltd., Hebei Logistics Group Metal Materials Co., Ltd. and Shandong Baiyi Vehicle Co., Ltd. With a total investment of RMB1.28 billion (USD198.09 million), the project will build a steel processing and trading base with an annual production capacity of 3 million tons, and provide surrounding enterprises with a full-industry chain service integrating steel off-station, steel deep processing, sales and distribution. After the project is put into production, the estimated sales revenue will be RMB8.2 billion (USD1.27 billion). It will become the largest and most advanced high-quality steel processing base in the North of Yangtze River with a profit and tax of RMB200 million (USD30.95 million).
It's learned that Iron and Steel Logistics Processing Base construction project was jointly built by Jining Energy Port and Shipping Development Group Co., Ltd., Hebei Logistics Group Metal Materials Co., Ltd. and Shandong Baiyi Vehicle Co., Ltd. With a total investment of RMB1.28 billion (USD198.09 million), the project will build a steel processing and trading base with an annual production capacity of 3 million tons, and provide surrounding enterprises with a full-industry chain service integrating steel off-station, steel deep processing, sales and distribution. After the project is put into production, the estimated sales revenue will be RMB8.2 billion (USD1.27 billion). It will become the largest and most advanced high-quality steel processing base in the North of Yangtze River with a profit and tax of RMB200 million (USD30.95 million).
