On November 15, a second wave of construction projects was launched in the district of Fengnan in the city Tangshan in China's Hebei Province.
The total of 19 projects will cost an aggregate investment of RMB 6.52 billion ($1.03 billion). It is expected that, after all the projects are put into operation, they will yield annual revenues of RMB 13.28 billion ($2.1 billion)..
The projects include a galvanized welded pipe project belonging to Chinese steel producer Huajin Strip Steel, which will cost RMB 130 million ($20.57 million) with construction due to be completed within 12 months.