Qujing Shizong Wolaidi Metal Materials Co has invested CNY750mn to build a 1.4mn mt hot rolling production line. The expansion will increase the production capacity of their smelting facility in Shizong Datong Industrial Park.
The facility will upgrade the quality of the stainless-steel slab produced by the smelter. These products are widely used in the machinery and equipment used in the petrochemicals industry.
The facility has commenced its operations and the projected value of its output is CNY7bn.