Lingang launches the regional high-end and advanced special steel projects
2019-08-02 16:15:54 [Print]
On August 1, Lingang in Linyi held a ceremony to launch the regional high-end and advanced special steel projects.
It is said that there are five projects launched this time with a total investment of RMB69 billion (USD9.95 billion), including high-quality steel projects and railway auxiliary projects. The specific projects include the high-end stainless steel deep-processing project (phase one hot rolling project) of Linyi Iron and Steel Investment Group Xinhai Stainless Steel Co., Ltd., high-end stainless steel project of Linyi Iron and Steel Investment Group Stainless Steel Co., Ltd., railway for port logistics project of Shandong Lingang Port Logistics Rail Transit Co., Ltd., advanced and high-quality special steel industrial base project of Shandong Iron and Steel Group Yongfeng Lingang Co., Ltd., and high-quality special steel project of Linyi Iron and Steel Investment Group Special Steel Co,. Ltd. When these projects are put into operation after the completion of construction, there projects can realize the output value nearly RMB150 billion (USD21.63 billion) and tax revenue over RMB10 billion (USD1.44 billion). These projects will further bolster the development of iron and steel industrial cluster in Linyi and consolidate the leading position of Linyi even Shandong in high-end steel field.
It is said that there are five projects launched this time with a total investment of RMB69 billion (USD9.95 billion), including high-quality steel projects and railway auxiliary projects. The specific projects include the high-end stainless steel deep-processing project (phase one hot rolling project) of Linyi Iron and Steel Investment Group Xinhai Stainless Steel Co., Ltd., high-end stainless steel project of Linyi Iron and Steel Investment Group Stainless Steel Co., Ltd., railway for port logistics project of Shandong Lingang Port Logistics Rail Transit Co., Ltd., advanced and high-quality special steel industrial base project of Shandong Iron and Steel Group Yongfeng Lingang Co., Ltd., and high-quality special steel project of Linyi Iron and Steel Investment Group Special Steel Co,. Ltd. When these projects are put into operation after the completion of construction, there projects can realize the output value nearly RMB150 billion (USD21.63 billion) and tax revenue over RMB10 billion (USD1.44 billion). These projects will further bolster the development of iron and steel industrial cluster in Linyi and consolidate the leading position of Linyi even Shandong in high-end steel field.
