Guangdong Province-based Chinese steel
pipe manufacturer Zhujiang Steel
Pipe has launched construction of the second phase of its new steel
pipe project, as reported by local Chinese media.
The project is scheduled to be implemented in three phases. In the first phase, Zhujiang Steel
Pipe invested RMB 700 million ($111.11 million) to build a longitudinal submerged arc welding
pipe production line with a planned annual output capacity of 300,000 mt. In the second phase, Zhujiang Steel
Pipe is going to add two longitudinal submerged arc welding
pipe production lines and a spiral welded
pipe production line before the end of 2012, increasing its overall annual
production capacity from 1.45 million mt to 2.41 million mt. In the third phase, the company plans to construct a spiral welded
pipe production line with a designed
production capacity of 300,000 mt. In addition, it will also build a quayside warehouse. Zhujiang Steel
Pipe will invest RMB 5 billion ($793.65 million) in the overall project, which is expected to contribute an annual output value of over RMB 10 billion ($1.59 billion).