In order to build a large-scale stainless steel whole industrial chain park and attracts enterprises that use high-end stainless steel materials to settle down, the Gaoping government invested a total of around CNY 1.5bn to establish a new stainless steel industrial park.
This new park covers an area of 322 acres. At present, 50% of the overall project progress has been completed. It was expected that some plants will be put into trial operation in May this year, and all will be completed by the end of July.
The project will have an annual processing capacity of 300,000 tons of cold-rolled stainless steel and an annual production capacity of 100,000 tons of stainless steel profiles.