Baosteel Engineering and Tianjin Metallurgical No.1 Steel Group Sign Cold Rolling Sheets Deep Processing Design Contract

Resource from: CBCC Likes:2967

Nov 29,2011

Baosteel Engineering & Technology Group Co.,Ltd. and Tianjin Metallurgical No.1 Steel Group signed cold rolling sheets deep processing design contract on November 24. Jiang Weimin, general manager of Baosteel Engineering, Zeng Xiaoping, chairman of Tianjin Metallurgical Group and Wang Tianxu, chairman of Tianjin Metallurgical No.1 Steel Group attended the signing ceremony. Tianjin Metallurgical No.1 Steel Group is a state-controlled steel union with sintering, iron making, steel making, rolling, trading, logistics and real estate in one, with annual production capacity of 3.5 million tons of iron, 3.5 million tons of steel, 5 million tons of material. It has seven business entities and 12,000 employees, over RMB 70 bllion yuan of annual sales revenue. In 2010 it ranked No. 8 of top hundred enterprises in Tianjin. It is known that cold-rolled sheet deep processing project belongs to one of the major projects of Tianjin Metallurgical No.1 Steel Group second phase construction. It is located in Tianjin Dagang Economic Development Area, with 1,000 acres of 2nd phase total area and 2 million tons of designed annual capacity. Product positioning is in high-level appliance panels, high-grade building materials, car plates, car parts and structural parts，with about 3.0 billion yuan of investment. Projects concerning 2nd construction project will be started next year. According to the contract, Baosteel Engineering will design cold-rolled sheet deep-processing, including a set of 1550 cold-rolling line with 1.7 million tons of output for Tianjin Metallurgical No.1 Steel Group. Baosteel Engineering says that it will apply successful experience in construction and technological transformation, especially in the cold rolling process line equipment and technology in Tianjin Metallurgical No.1 Steel Group.

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