The Tongzhou Bay company, based in Nantong city, will build a new modern steel industrial cluster in Jiangsu province, China.
The industrial park is to focus on the development of the iron and steel industries, and allied units supporting the sector, the government agency, China Metallurgical News, said on April 13.
With the location of the ‘steel park’ near the Yangtze river delta, Tongzhou Bay will also build a terminal capable of enabling port logistics for 200,000mt of cargo.
The construction period of the first phase of the park will end in 2025, and the second phase is scheduled from 2026 to 2030.
The area of this park is 14.5 square kilometres and will be developed according to government norms stipulating the integration of industry and city.
The industrial park will include modern steel industrial units with low carbon emission. No production capacity has been announced yet.