It is reported that recently, Jiangsu Chengde Steel Tube Share Co Ltd has speeded up its production paces in a bid to achieve CNY 7 billion of output value and rank the top among the enterprises of Yangzhou, Jiangsu province.

As per report, in 2008 the company has realized CNY 5.2 billion of output value, with profit tax of CNY 1.2 billion ranking the top in the national large caliber seamless steel pipe production.

In face of the economic slowdown, the company has developed the deep cooperation with Shougang Group, Carlyle Group and Timken Group to realize the whole year’s production capacity of 0.2 million tonnes.

(Source: Yangzhou Daily)