Jinshenglan high-quality special steel project launches the preliminary construction
2019-08-23 16:13:14 [Print]
Invested by Jinshenglan Group, Project for Guangdong Jinshenglan Metallurgical Technology Co., Ltd. (Jinshenglan high-quality special steel project) has launched the preliminary work and is expected to complete the construction of earthwork engineering before late this September.
It is said that Jinshenglan high-quality special steel project covers an area of 2,800 mu with a total investment of RMB15 billion (USD2.11 billion). The construction scale is 8 million tons of high-quality special steel per year. The business scope is smelting, manufacturing, processing, selling and R&D of technological projects and expansion of technologies for cable and wire, coiled rebar, wire rod, high-quality steel, special steel and high-strength rebar and the recycling and processing of renewable resources. The project will be divided into two phases with the designated production capacity of 4 million tons per year in phase one and phase two respectively. When all construction is completed and put into operation, the annual sales revenue is expected to be higher than RMB40 billion (USD5.64 billion) and the annual tax revenue is expected to be higher than RMB2.5 billion (USD352 million).
A responsible official of Jinshenglan Metallurgical Technology Co., Ltd. noted that the company will strive to complete the construction of phase one for the project and put it into operation in late 2020.
It is said that Jinshenglan high-quality special steel project covers an area of 2,800 mu with a total investment of RMB15 billion (USD2.11 billion). The construction scale is 8 million tons of high-quality special steel per year. The business scope is smelting, manufacturing, processing, selling and R&D of technological projects and expansion of technologies for cable and wire, coiled rebar, wire rod, high-quality steel, special steel and high-strength rebar and the recycling and processing of renewable resources. The project will be divided into two phases with the designated production capacity of 4 million tons per year in phase one and phase two respectively. When all construction is completed and put into operation, the annual sales revenue is expected to be higher than RMB40 billion (USD5.64 billion) and the annual tax revenue is expected to be higher than RMB2.5 billion (USD352 million).
A responsible official of Jinshenglan Metallurgical Technology Co., Ltd. noted that the company will strive to complete the construction of phase one for the project and put it into operation in late 2020.
