Jianlong Group to invest RMB10 billion to build new steel materials industrial park in Jilin
2022-05-06 17:51:16 [Print]
On April 29, Jianlong Group signed an investment agreement with Jilin government, pursuant to which the company's subsidiary Jilin Jianlong will invest RMB10 billion (USD1
. 5 billion) to build a new steel materials industrial park in Jilin province, mainly including 1 . 2Mtpy smart cold continuous rolling project, 400,000tpy high-quality silicon steel project, steel making and rolling equipment upgrade project and so on . When fully operational, the industrial park is expected to realize additional annual production value of nearly RMB20 billion (USD3 billion).