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Yancheng Xinxing Stainless Pipe Technology Company has submitted the environmental impact report for its precision steel pipe project to Chinese authorities, and is awaiting final approval, Kallanish notes.
The project is expected to have 20,000 tonnes/year of precision stainless steel pipe capacity after commissioning. The company has purchased an area of 106,667 square metres in the Xiangshui County Industrial Economic Zone in Yancheng, Jiangsu.
Yancheng Xinxing also plans to install a cold rolling mill, annealing furnace, and surface treatment equipment, among other units. This will cover processes from cold rolling to annealing, pickling, cutting, and packaging.
The privately-owned company was founded in October 2020, with a registered capital of CNY 50 million ($7.73m).
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