Xiangshui Juhe Metal Products starts construction of high-alloy material rolling project
2020-03-17 14:30:24 [Print]
On 12 March, Xiangshui county of Yancheng, Jiangsu held a group groundbreaking ceremony for projects, including the 1,450mm cold-rolling project of Xiangshui Juhe Metal Products Co., Ltd.
With a total investment of RMB2.25 billion (USD0.32 billion), the project plans to construct two high-alloy steel rolling production lines with an annual production capacity of 2 million tons of high-alloy steel rolling products. After going into operation and reaching design efficiency, the project will see an annual sales revenue of RMB22 billion (USD3.15 billion) and a profit tax of RMB800 million (USD115 million).
With a total investment of RMB2.25 billion (USD0.32 billion), the project plans to construct two high-alloy steel rolling production lines with an annual production capacity of 2 million tons of high-alloy steel rolling products. After going into operation and reaching design efficiency, the project will see an annual sales revenue of RMB22 billion (USD3.15 billion) and a profit tax of RMB800 million (USD115 million).
