Hanjin Steel Pipes, a South Korean producer of various steel pipes for structural purposes, is currently installing major facilities at its new plant No. 2 after finishing construction of a
new factory building at the plant.
Hanjin Steel Pipes has spent about KRW 37 billion ($31.8 million) so far on the construction of a factory building, a painting shop and an office building for the new plant.
"We will finish the construction works at the plant and start up the facilities in December," said an official at the company.
At the plant No. 2, Hanjin Steel Pipes has already installed a
pipe mill that can produce three-inch steel pipes for structural purposes or plumbing works. In addition, it will also install two new slitting units and two painting units at the new plant. With the launch of the new plant, the overall monthly steel
pipe production capacity of the company will be increased from the current 6,500 mt to 9,000 mt.
Hanjin Steel Pipes also plans to introduce a new
production line for 10-inch steel pipes next year to raise its total monthly steel
pipe production capacity to 13,000 mt.