Hongwang Group successfully acquired Ferrum

A few days ago, Hongwang Group successfully acquired Zhaoqing Ferrum Technology Development Co., Ltd., which provided land guarantee for Hongwang Stainless Steel Five-Tandem Rolling Production Line Project, which has a milestone significance for the advancement of the project.

Hongwang stainless steel five-tandem rolling project is expected to invest 600 million yuan, using the most advanced technology and the best equipment in China. It is planned to be put into operation in May, with an annual production capacity of 600,000 tons. With this project, Hongwang will create a new benchmark in China’s private cold-rolled stainless steel field in terms of quality and production capacity, and become the most competitive domestic private enterprise specializing in the production of precision stainless steel cold-rolled plates.

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Post time: Apr-17-2021
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