Yunnan Province-based Chinese logistics enterprise Haohong Logistics Co. has announced that it will build a steel industrial park named Jingyang Industrial Park in Jinning, Yunnan.
The construction of the new park is expected to cost RMB 4 billion ($634.92 million) in total. In the first year following the commissioning of the park, it is expected to have a total production value of RMB 10 billion ($1.59 billion). Within the following three to five years after it is put into operation, its annual production value is expected to reach RMB 30 billion ($4.76 billion). The new park will mainly provide services such as preliminary processing, deep processing, finishing, storage, distribution, trading and information sharing.