04
Mar
08:18
Puyang commences silicon steel project construction
China’s Hebei Puyang Iron and Steel Group on 1 March held a contract signing and groundbreaking ceremony for its silicon steel project. This will be under the operation of its subsidiary Zhongpu Electromagnetic Materials Technology Co., Ltd. in Handan City, Kallanish notes.
The project requires a total investment of CNY 13 billion ($1.8 billion). According to the shareholding ratio of 51% and 49%, Puyang and Hong Kong-registered Dragon Crown Group will share…
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