A new steel processing and logistics park was officially opened on March 26 in the Liubei district of Liuzhou in China’s Guangxi Province, as announced by local media sources on March 27. The total annual revenues of the park are expected to amount to RMB 30 billion ($4.82 billion).
The park which covers a site of 100 hectares was built in two phases. Construction of the first phase, covering an area of 47 hectares, had been completed in December 2012. Investment in the first phase had amounted to RMB 800 million ($128.6 million) investment.