September 06, 2008

Henggang\'s output tops 1 million tonne

Hunan Daily reported that Hunan Hengyang Steel Tube Group Corporation Limited has rolled out 1 million tonne products by December 27th 2007 and has become the second of seamless tube producers in the word with output topping 1 million tonnes per annum.

Henggang installed a set of new small and large caliber pipe lines while phasing out the backward equipments and facilities. So far, it has boasted 3 keynote varieties namely high pressure boiler tube, machinery processing tube and oil or gas pipe.

To catch up with production, it also invested 2 first class tubular billet lines these years. Despite decline in pipe sales price, Henggang is making higher revenues with CNY 6.5 billion sales income in 2007 up by 30% YoY.