It is reported that in 2010, Tianjin based Chinese steel pipe manufacturer Tianjin Pipe Corporation increased its industrial output by 23.49%YoY while its sales revenues rose by 42.12 % YoY.
In addition, during China 11th five year plan period, Tianjin Pipe recorded an increase of 403.25% in its industrial output and rises of 454.93% and 251.08% in its sales revenue and pre-tax profit respectively, all compared to the 10th five-year plan period (2001-05).
Tianjin Pipe also stated that, through technological upgrades, it has significantly expanded its seamless pipe production capacity. In 2010, Tianjin Pipe total production of premium connections rose by 873.14%YoY.
