14
Jan
10:00
Zhejiang Yongjin invests in Indonesian stainless steel project
Zhejiang Yongjin Metal Technology Company has publicly announced on the Shanghai Stock Exchange that it will invest in a cold-rolled stainless steel strip project in Indonesia. This will be located at the Tsingshan Industrial Park in Central Sulawesi.
The capacity of this project is 700,000 tonnes/year, with a total investment of CNY 2.13 billion ($335 million), Kallanish notes. The planned construction period of the project is two years, and the commissionin…
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