Daohe New Materials launches stainless steel precision strip project
2025-12-26 14:58:43 [Print]
On December 25, Fujian Ningde Daohe New Materials Co., Ltd., a subsidiary of Tsingtuo Group, broke ground on a stainless steel precision strip project at Wanwu Stainless Steel Industrial Park in Fu'an, Fujian.
The project, with a total investment of RMB500 million (USD71.36 million), will cover about 53,400 square meters and produce up to 100,000 tonnes of stainless steel precision strip annually. Once operational, it is expected to generate annual output value of more than RMB2 billion (USD285 million), along with annual taxes and profits of around RMB40 million (USD5.71 million).
As a key move by Tsingtuo Group in stainless steel downstream processing, the project will further extend and strengthen the industrial chain, enhance high-end precision manufacturing capabilities, and support high-quality local economic growth.
The project, with a total investment of RMB500 million (USD71.36 million), will cover about 53,400 square meters and produce up to 100,000 tonnes of stainless steel precision strip annually. Once operational, it is expected to generate annual output value of more than RMB2 billion (USD285 million), along with annual taxes and profits of around RMB40 million (USD5.71 million).
As a key move by Tsingtuo Group in stainless steel downstream processing, the project will further extend and strengthen the industrial chain, enhance high-end precision manufacturing capabilities, and support high-quality local economic growth.
