September 07, 2008

Taizhou Huadi to start production in July 2008

It is reported that the preparation for the construction of Taizhou Huadi Industrial Company Limited invested by Haudi Steel Group of Zhejiang is getting along smoothly with its first stage in construction and equipment installation, which is planned to be put into production in July 2008, when annual output of crude steel will reach 200,000 tonnes.

In 2006, the project team had an additional land requisition of 506mu in eastern coastal development zone followed with the preparation for a new industrial park, with 300,000 square kilometer in construction and they planned to implement one-stop production from steelmaking, steel rolling, hot puncturing, cold drawing and cold rolling to testing and chemical analysis. The first stage mainly deals with steelmaking, which will later develop into production of stainless plate, rod, pipe, and wire etc, with an expected annual production of 200,000 tonnes, valued CNY 6 to CNY 8 billion.