According to the report released by Jilin News Network on April 15, a new stainless steel program with an annual capacity of 0.5 million t has been launched in Changchun's High Tech Industrial Development Zone, which will be the largest comprehensive stainless steel base in northeast China and it is anticipated that the ceiling capacity will reach 1 million t in future.
It is reported that this program covers an area of 3.05 million square meters including the production area, logistics area and the service center. After all of the projects are commissioned in 2014, the yearly capacity of the program will reach 0.5 million t.
Meanwhile this program also belongs to a technological transformation project, the production line will be transformed from the previous traditional steel line into a new value-added stainless steel line. In a addition, the overall investment for the program will be 21 billion yuan and it is estimated for this year it will finish approximately 2 billion yuan for the related investment activities.