Guangdong Southern Donghai Iron and Steel starts first phase of Yunfu project
2020-01-07 16:55:58 [Print]
It's reported that the first phase of the Yunfu project of Guangdong Southern Donghai Iron and Steel Co., Ltd. has begun construction. So far, the project has completed an investment of about RMB1 billion (USD143,387,156).
Guangdong Southern Donghai Iron & Steel Co., Ltd. plans to construct an annual output of 7.6 million tons of fine steel of Yunfu Project. The total investment of the project is RMB12 billion (USD1,720,645,883) and implemented in two phases. The first phase of construction will be 4 million tons, and it is planned to be completed and put into operation in June 2021; the second phase will be 3.6 million tons. After completion, it can realize an annual output value of RMB30 billion (USD4,301,614,707) with profits and taxes of about RMB2 billion (USD286,774,313).
Guangdong Southern Donghai Iron & Steel Co., Ltd. plans to construct an annual output of 7.6 million tons of fine steel of Yunfu Project. The total investment of the project is RMB12 billion (USD1,720,645,883) and implemented in two phases. The first phase of construction will be 4 million tons, and it is planned to be completed and put into operation in June 2021; the second phase will be 3.6 million tons. After completion, it can realize an annual output value of RMB30 billion (USD4,301,614,707) with profits and taxes of about RMB2 billion (USD286,774,313).
