Unit:
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Fujian Great Donghai Corporation
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Project Area:
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Fuzhou Songxia Port Area, Binhai New City, Changle District, Fuzhou City
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Industry:
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Metallurgical Industry
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Type of Project:
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Technical Innovation Project
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Cooperation Mode:
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Equity Financing
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Nature of Project:
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Encourage
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Working Progress in Prior Period:
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introduction of reorganizer who will reorganize Xinhai Metallurgy by removing and reconstructing Xinhai Metallurgy’s existing production lines; building fine steel projects which produce automobile sheet materials, tin plates and ring-pull cans.
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Total Investment:
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1200000 ten thousand RMB
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Expected to Attract Investment:
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1200000 ten thousand RMB
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Reason and Condition:
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Binhai New City has an area of 188 square kilometers, including 86 square kilometers of core area. The project is located in Songxia Port Area, Binhai New City.
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In 2020, the industrial enterprises industrial companies with annual revenue of more than RMB 20 million increased their added value by 6.3 percent year on year, with revenue exceeding RMB 530 billion. The output of processed stainless steel and tungsten products ranked first and that of gold, tungsten, and compound products ranked at the forefront of the country. Xiamen Tungsten Co., Ltd. became the biggest manufacturer of tungsten products in the world.