Tangshan runs trials on stainless production line

Thursday, 24 March 2005 10:32:41 (GMT+3)   |  

Tangshan runs trials on stainless production line

Tangshan Steel recently disclosed that Tangshan Stainless Steel Co. Ltd entered the trial production stage. The production line has not reached designed productivity yet, and the company remains a loss maker. However, Tangshan Steel predicts that its stainless outfit will boast strong profit potential once it reaches full capacity. In 2004, the sales revenue of Tangshan Stainless reached RMB 710 million ($85.79 million). In 2005, the company's annual productivity could reach one million tons.

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