02
Jul
08:50
Zhoukou Steel receives investment for rolling lines
The listed Anyang Iron & Steel has decided to inject around CNY 560 million ($77.02m) to its subsidiary Zhoukou Steel to speed up the construction of a steel project, according to its announcement. The products of the Zhoukou base are targeted at the new energy, offshore, marine engineering and automotive industries.
This is the second time the registered capital of Zhoukou was increased since last December (see Kallanish passim). With the newly-injected money…
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