Fujian Hongwang's stainless steel cold rolling expansion project with annual capacity increase of 1.3 million tons starts construction
2022-05-05 11:36:39 [Print]
On the morning of April 28, stainless steel cold-rolled expansion project with with an annual capacity increase of 1
. 3 million tons of Fujian Hongwang Industrial Co . , Ltd . started construction in Wanwu Industrial and Trade Zone, Fu'an, Ningde . The project is a key project in Fujian Province, with a planned total investment of RMB2 billion (USD303 million) and an additional land area of more than 32 . 95 acres . It will build a set of four-tandem rolling mills with an annual output of 600,000 tons and a set of five-tandem rolling mills with an annual output of 700,000 tons in two phases . The production lines are planned to take 11 months to complete and are expected to be put into operation in April 2023.