Hebei Province-based Chinese company Shengda Steel Structure Co. has started construction work on its steel structure and non-standard metal components project in Boxiang county in Xingtai in Hebei Province, as announced by local government authorities on March 19. The total investment in the project will be RMB 205 million ($32.96 million), while the planned annual output capacity of steel structures and non-standard metal components is 100,000 mt.
Upon completion, the project’s annual sales revenues are expected to reach RMB 710 million ($114.15 million).