Company invested RMB 50 million for new plant. In this project, the facility covers 18,000 M², including purchasing production and auxiliary equipment of precision cold rolling unit assembly, drawing unit assembly, shinning heat treatment equipment, eddy current testing unit, ultrasonic cleaning equipment, polishing machine, pure water equipment, sewage treatment equipment, etc., to achieve annual output 2million meters stainless steel spotless pipe for special type gas transmission and 800T seamless heat exchanger shine pipe.
After the completion of the project, the sales revenue will be 120 million yuan / year, with profit 12-18million yuan / year. The company will focus on the introduction of foreign BA stainless steel precision pipe production process, and strive to build a leading level of domestic stainless-steel precision spotless seamless pipe manufacturing.
The new plant will be put into operation at the end of the year.
