Lanxi, China-based Zhejiang Yongjin Technology Co., Ltd. (Yonjin Company) has signed a RMB 120 million supply contract with Japan Furnace Industry Co., Ltd in order to purchase equipment for its stainless cold rolled steel sheets and strip project. The annual capacity of the proposed line will be 250.000 mt.
The value of the line's annual output is expected to be 1.2 billion RMB. The project will worth RMB 1.6 million.
Yonjin Company currently has three production lines with a total capacity of 60,000 mt.