Henan Jinhui Zhongchao Stainless Steel Co., Ltd. phase II project with annual output of 800000 tons of recycled stainless steel will be started by the end of 2020
According to the disclosure, Henan Jinhui Zhongchao Stainless Steel Technology Co., Ltd. has a total investment of 520 million yuan in the 800000 ton renewable stainless steel strip production line project, 85.17 mu of land is approved for phase I construction project, which has been put into operation in 2019, with an annual sales revenue of 5 billion yuan and profits and taxes of 350 million yuan.
The second phase of the company covers 130.19 mu of land, which has been acquired by listing at the end of 2019. The commencement time is as agreed by the end of 2020, and the detailed construction plan is currently being prepared.
