Stainless steel high-speed wire rod products project of Crady starts in Xiangshui of Jiangsu
2020-03-16 13:48:43 [Print]
On March 12, Xiangshui of Jiangsu held a ground-breaking activity for many projects, including a stainless steel high-speed wire rod products project with the total investment of RMB1 billion (USD143 million).
It is said that the stainless steel high-speed wire rod products project with the total investment of RMB1 billion (USD143 million) is invested and built by the Sino-foreign joint venture Crady Electric (Changzhou) Co., Ltd. The project plans to build a stainless steel high-speed wire production line and a small stainless steel rod production line, holding an annual capacity of 300,000t of stainless steel wire coils and 700,000t of small stainless steel rods. The project is expected to be completed in December. After all the construction is put into production, the annual sales will reach RMB15 billion (USD2.14 billion) and the profit and tax will reach RMB800 million (USD114 million).
It is said that the stainless steel high-speed wire rod products project with the total investment of RMB1 billion (USD143 million) is invested and built by the Sino-foreign joint venture Crady Electric (Changzhou) Co., Ltd. The project plans to build a stainless steel high-speed wire production line and a small stainless steel rod production line, holding an annual capacity of 300,000t of stainless steel wire coils and 700,000t of small stainless steel rods. The project is expected to be completed in December. After all the construction is put into production, the annual sales will reach RMB15 billion (USD2.14 billion) and the profit and tax will reach RMB800 million (USD114 million).
