Sichuan Province based Chinese steel producer Panzhihua Gangcheng Group has announced that in 2012 its total fixed asset investments are expected to reach CNY 2.061 billion covering 52 projects.

Gangcheng Group's fixed asset investment plan for 2012 will cover areas including metallurgical raw materials, vanadium and titanium, real estate, iron and steel and logistics. Of the total fixed asset investment figure for 2012, CNY 1.29 billion will be invested in 27 new projects.

In 2011, Gangcheng Group's total revenue and industrial output value increased to CNY 17.227 billion and CNY 10.916 billion respectively, compared to CNY 4.902 billion and CNY 3.463 billion in 2005.

(Sourced from Steel Orbis)
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