December 02, 2008

Xinggang launch operation of 7 projects

It is reported that on August 18th 2007, seven projects in Xinggang including high grade steel melting & rolling, 198 square meter sintering machine’s desulfurizing, generating electricity by remained blast furnace gas and others were completed and have launched operation. Meanwhile, 80,000 cube meter gas tank and some other project are to begin construction.

To strengthen the Xinggang’s competing ability and boost the upgrading, it introduced world’s advanced technology and built the integrated high grade steel project with an investment of CNY 550 million and introduced RH vacuum refining furnace and breakdown rolling machine into long products manufacturing.

With these high grade steel projects launching production, the types of steel product of Xinggang increase from 7 to 13. It now has the capacity of producing high grade alloy steel, spring steel, bearing steel, gear steel and other high speed wires. As a result Xinggang has become a high grade, special manufacturer in the world capable of low, medium and high carbon and alloy steel wire rod.

Xinggang will now demolish the outdated sintering facilities, and the emission of sulfur dioxide will decline to lower than national standards.