The authorities in the city of Fuan in China's Fujian Province are planning to establish a super stainless steel industrial park located at the juncture of the Wanwu and Xiabaishi peninsulas. Facilities at the new industrial park will cater for activities such as production, storage, exhibition and sales, as announced by Fujian-based Southeast Daily.
The local authorities in Fuan state that the new industrial park will achieve an annual production value of over RMB 130 billion ($20.64 billion) and a production capacity of 4 million mt per year. It will create 30,000 new jobs directly for the region, contributing a total of RMB 2.5 billion ($396.83 million) in taxation each year after it is put into operation.