Xinxing to invest in India
Major Chinese ductile iron
pipe maker Xinxing Ductile Iron Pipes is, reportedly, planning to set up a plant in Chhattisgarh,
India with approximately $220 million investment.
Xinxing, currently sells 30'000 mt ductile iron pipes to
India per year. The company aims at increasing its sales to
India with the plant to be built there.
Ductile iron pipes are used for drilling, microtunneling and sewage systems.
Current
production capacity of Xinxing is 800'000 mt per annum. The company consumes around five million mt
iron ore per annum.
Chhattisgarh receives investment from various iron and steel makers thanks to its wide
iron ore deposits.