Ganxin Iron to construct high-strength steel plant in Xinjiang

Ganxin Iron and Steel Co. announced the groundbreaking ceremony of its highstrength steel production plant project in Kezhou, Xinjiang. The facility is expected to produce three million tonnes annually, with an initial capacity of one million tonnes during the first phase. The construction of Ganxin Iron and Steel Co. Ltd is being co-financed by Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Group and local private investors, in a bid to boost development in the west of China. The first phase of the project will cost an investment of CNY 2.5 billion (US$367 million). After the completion of the whole project, annual sales revenues are expected to reach CNY 3.2 billion (US$470 million).Кроссовки Lifestyle