Construction work has commenced on the new stainless steel sheet production project of Wuyi County, Zhejiang Province based Chinese stainless steel producer Wuyi Sanhe Industry & Trade Co as reported by local media sources on July 30.
The planned annual output capacity of the project, which is located on a site covering 32.4 hectares in the city of Dexing in Jiangxi Province, is 100,000 tonne.
The total investment in the project is expected to be RMB 190 million (USD 30.97 million), including fixed asset investment amounting to RMB 130 million (USD 21.19 million).