Zhejiang Province-based Chinese steel producer Fonye Group has announced that its large diameter
stainless steel
pipe project will be put into
production in 2013.
Construction work on the project commenced in September 2011, while the total investment is expected to reach RMB 360 million ($57.14 million). The designed annual
production capacity of the project is 50,000 mt, including 30,000 mt of large diameter
stainless steel welded
pipe and 20,000 mt of
stainless steel seamless
pipe.