On June 18, the official commissioning of the first phase of Chinese company Fuyang Xinwan Metal Products Co. took place during a ceremony held in Yingzhou Industrial Park in the city of Fuyang in the province of Anhui, as reported by local media.
Construction had begun in November 2010, while total investment in the overall project is estimated at RMB 80 million ($12.7million). Production will be focused on high frequency welded pipe, a product which has not previously been produced in Fuyang.
The first phase consists of four steel pipe production lines with an aggregate annual output capacity of 70,000 mt. Annual sales are expected to reach RMB 200 million ($31.75 million).
Fuyang Xinwan Metal Products starts production
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