On December 19, Henan Province-based Chinese steel structure and color
coated steel
plate manufacturer Tianyuan Ganggou Caiban Co. announced the start of the construction of its new steel structure and color
coated plate production lines in Anyang, Henan.
According to the company, the total investment in the two lines is expected to reach RMB 1.38 billion ($217 million). After the new steel structure and color
coated plate production lines are put into
production, they are expected to have an annual
production capacity of 200,000 mt and 20,000 mt respectively. The annual
production value of these lines is expected to be RMB 1.52 billion ($239 million), Tianyuan Ganggou Caiban said. In addition, the projects will create 1,800 new jobs in the region.