Tsingtuo Group to set up high-performance stainless steel wide plates and supporting projects with total investment of RMB 6 billion
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Update time : 2021-11-24 20:06:07
It was reported that Tsingtuo Group invested RMB 6 billion in Wanwu Town to build high-performance stainless steel wide plates and supporting projects.
According to previous public information, Tsingtuo Group planned to build a new stainless steel material industrial cluster project, which includes RMB 12 billion investment, 2,250 acres of land, and an annual capacity of 2 million tons of high-performance stainless steel wide plates, including stainless steel new material smelting, 3200mm width hot rolling production line, and supporting facilities.
In early November, there was a progress of 2 million stainless steel capacity replacement. Tsingtuo Group has got government approval for capacity replacement and obtained 900,000 tons of steelmaking capacity.
