亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Steel giant unveiled in China after major merger
Adjust font size:

China has launched a steel-making project in the southern Guangxi Zhuang Autonomous Region that will have an annual production capacity of 30 million tons, with the formal establishment of the Guangxi Iron and Steel Group?in Nanning?on Wednesday.

The group is a joint venture between Wuhan Iron and Steel Group, China's fourth largest steel maker based in Hubei Province, and the Guangxi regional administration of state-owned assets.

Wuhan Iron and Steel Group is holding a 80 percent stake, in the form of cash input, in the new group.

The Guangxi regional administration of state-owned assets shall hold a 20 percent stake, in the form of all the net assets of its Liuzhou Iron and Steel Group.

The new group expects to begin building its plant in December in Fangchenggang, a major port in Guangxi.

Ma Biao, the Guangxi governor, said he hoped the first production line would be completed in 30 months and fully operational in 50 months.

The coastal plant shall have an initial annual capacity of 10 million tons. Its capacity will be eventually expanded to 30 million tons, at a total cost of about 205 billion yuan (30 billion US dollars).

The two partners will shut 9.1 million tons of obsolete steel-making capacity and 5.41 million tons of obsolete iron-making capacity.

The inauguration of the new group marks another milestone in the reorganizing of China's steel, following similar cases in Guangdong, Shandong and Hebei provinces.

These moves will strengthen the sector's competitiveness, said Xiong Bilin, deputy director of the Industrial Development Department of the State Planning and Development Commission.

The new plant is "the largest iron and steel project in the West China Development Scheme. It reflects the shift of the (steel) industry from the inland to the coastal areas," he said.

China's iron and steel companies are shifting to coastal areas, in part to cut transport costs.

(Xinhua News Agency September 4, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Net income climbs for steel maker
- Steel industry launches green revolution
- Beijing steel maker cuts output, pollution for Olympics
- Merger creates nation's largest steel maker
- China's steel makers stand firm against BHP Billiton
- New steel mill born with biggest capacity
Most Viewed >>
- US charges China over pork subsidies
- Chinese economy not in downturn, but adjustments needed
- Coke's offer for Huiyuan faces difficulties
- 'Beautiful period' for Chinese stock market
- Changchun once more the focus of NE Asia
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码