It is reported that On November 1st 2011, Guangdong Province based Chinese company Weilian Changcheng Metal Co held a groundbreaking ceremony at Cui Lake, Kaiping, Guangdong for the construction of a new stainless steel plant.
As per report, Weilian Changcheng Metal plans to invest CNY 600 million to construct a plant covering an area of 100,000 square meters which will produce stainless steel tubes and plates.
Upon completion, the annual production value of the plant is expected to be CNY 1.5 billion