Tsingshan Holding Group plans to establish Jingjiang Stainless Steel Deep Processing Base Project in Jiangsu Jingjiang Economic and Technological Development Zone. The project will entail a total investment of CNY12bn.
Construction for the base will take place in three phases and is set to have an annual capacity to produce 300,000mt of stainless steel pipe fittings, 200,000mt high-performance stainless steel wire rods, 300,000mt of precision stainless steel and 200,000mt of high-quality stainless steel wire projects. The base will also have a large-scale trading market with an annual output of 1mn mt colored stainless steel panels, stainless steel products, and various stainless steel products.
The project, after completion, will generate annual output valued at around CNY50bn and tax revenue of CNY1bn.