Fonye Group to commission stainless steel pipe project in 2013

Zhejiang Province-based Chinese steel producer Fonye Group has announced that its large diameter stainless steel pipe project will be put into production in 2013.
 
Construction work on the project commenced in September 2011, while the total investment is expected to reach RMB 360 million ($57.14 million). The designed annual production capacity of the project is 50,000 mt, including 30,000 mt of large diameter stainless steel welded pipe and 20,000 mt of stainless steel seamless pipe.