18
May
11:13
Yongjin constructs stainless project ahead of schedule
Zhejiang Province's Yongjin Metal Technology has begun to construct the second phase of its precision stainless steel strip project, which has a design capacity of 195,000 tonnes/year, Kallanish notes.
The second phase was planned to start construction in July, with work lasting 18 months. In March, the firm released a plan to issue convertible corporate bonds worth up to CNY 1 billion ($156 million) to fund the project.
Phase I of the project is ex…
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