SteelOrbis Shanghai
Jiangsu Feida has announced the start of
construction work on its 2.8 m wide medium
plate production line
Adding to its existing 2.5 m wide medium
plate production line, Jiangsu Feida began
construction work on its new 2.8 m wide medium
plate production line on October 19.
According to the company, the planned capacity of the new 2.8m medium
plate line will be twice that of the current 2.5 m wide
production line. The total project investment is estimated at RMB 1.2 billion ($152 million), while the end of December 2007 has been set as the completion date.
When the new line is ready, Jiangsu Feida will have a
production capacity of 300 million mt of
plate, with sales revenues at RMB 12 billion ($1.52 billion). Its product categories will include
shipbuilding plate, pressure vessel
plate,
plate for equipment usage, and other high value-added
plate.
Feida's medium
plate line is expected to challenge the products from the leading mills which currently dominate the market.