November 22, 2008

Chengdu Baosteel Can starts production

Chengdu Business Daily reported that Chengdu Baosteel Can Making Corporation Limited is put into operation at Xindu district in Chengdu. This is the first can making plant in the region.

According to the report, Baosteel poured CNY 330 million on the can making plant aiming to receive CNY 300 million in output value by yielding 460 million of pop cans each year.

Insider discloses that Baosteel will invest CNY 25 million to advance the technology. After technology update, the plant's annual capacity can reach 600 million.

The can making plant supplies beverage cans for famous beverage enterprises, such as Coco Cola, Pepsi, Snow Beer etc. It will have a vast developing space given that the food packing industry is springing up when more and more beverage enterprises enter Xindu industrial district.