Anhui Province-based Chinese steel producer Maanshan Iron and Steel Co. (Maanshan Steel) has announced that it plans to start work soon on the construction of a new cold rolling plant in Hefei, Anhui. The total investment in the new plant, which will produce cold rolled coils of 0.3-1.5 mm thickness, will reach nearly RMB 5 billion ($759 million).
According to Maanshan Steel, the designed annual
production capacity of the new plant will be 1.2 million mt of cold rolled coil, destined for the automotive and household appliance sectors. Construction is expected to be completed within two years.
Maanshan Steel has posted operational revenues of RMB 5 billion ($759 million) for 2010.