A new stainless steel factory to build in Tiangsan
Tiangsan
Stainless Steel Corp. Ltd. Located in Hebei province of
China has announced that, it has started to build a factory by the end of July 2003.
Construction of 1.2 million tons per year
stainless steel factory is expected to cost around Yuan 6 billion ($725million). The cost of the
construction of the factory is financed by five Chinese investors, including Tainggang Steel Corp, Kailuang Steel Corp, Jinghua
Pipe Corp.
Construction of the factory will be realized in four phases and the factory is planned to start operating by 2006.