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Chinese Sangang plans to increase output by purchasing bankruptcy factory-The 20th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
11/22/2018 不锈钢展-不锈钢展会-效果最好的不锈钢展会- Stainless Steel Exhibition |
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According to the report, Chinese Fujian Sangang Group, a steel mill supported by government, bought a bankruptcy factory located in western China.
The factory owned the capacity included 1.22 million tons of iron and 1.35 million tons of steel, owned by Laiwu Steel Group Corporation which was a subsidiary of state-owned Shandong Iron and Steel Group.
Chinese government supported it and tended to improve the polluted air quality and diminish the concentration in the industrial area. It was expected that the benefit for the company operation and production increasing would bring the long term growth to them.
Sangang now possessed 4 plants with total 11 million tons of steelmaking capacity, saying they were still planning how to use well with the Laiwu capacity.
不锈钢展-2019第二十届广州国际不锈钢工业展-效果最好的不锈钢展会-The 20th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
- Stainless Steel exhibition,2019
Stainless Steel exhibition, China
Stainless Steel exhibition, Guangzhou
Stainless Steel expo,Guangzhou Stainless Steel exhibition,
2019 Stainless Steel expo, China Stainless Steel expo
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