Yan Steel to set up cold rolled steel plant in Yuncheng, Shanxi
2018-09-21 17:52:36 [Print]
On the morning of September 18, the people's government of Yanhu District in Shanxi's Yuncheng city and Yan Steel Cold Rolled Steel Co., Ltd. held the signing ceremony of the cold rolled steel sheet industry transfer and deep-processing project.
With total investment of RMB1.5 billion, the project has an estimated annual production capacity of 2.5 million tonnes. In addition, it is expected to realize sales of RMB15 billion and pay profit tax of RMB100 million annually. After going into production, the project is expected to utilize capacity of multiple steel companies and extend industrial chain, providing a favorable environmental for iron and steel deep-processing enterprises in Yuncheng city.
With total investment of RMB1.5 billion, the project has an estimated annual production capacity of 2.5 million tonnes. In addition, it is expected to realize sales of RMB15 billion and pay profit tax of RMB100 million annually. After going into production, the project is expected to utilize capacity of multiple steel companies and extend industrial chain, providing a favorable environmental for iron and steel deep-processing enterprises in Yuncheng city.
