On November 24, Baosteel Engineering & Technology Group Co Ltd and Tianjin Metallurgical No.1 Steel Group sign cold rolling sheets deep processing design contract. Baosteel Engineering general manager Mr Jiang Weimin, Tianjin Metallurgical Group chairman Mr Zeng Xiaoping, Tianjin Metallurgical No.1 Steel Group Chairman Mr Wang Tianxu attend the signing ceremony.
According to contract, Baosteel Engineering will design for Tianjin Metallurgical No.1 Steel Group cold rolled sheet deep processing including a set of 1550 cold rolling line with 1.7 million tonnes of output.
Baosteel Engineering says that it will apply successful experience in construction and technological transformation, especially in the cold rolling process line equipment and technology, in the Tianjin Metallurgical No 1 Steel Group cold rolled sheet deep processing project design.
Tianjin Metallurgical No 1 Steel Group is a state controlled steel union with sintering, iron making, steel making, rolling, trading, logistics and real estate in one with annual production capacity of 3.5 million tonnes of iron, 3.5 million tonnes of steel, 5 million tonnes of material. It has seven business entities and 12000 people over CNY 70 Billion of annual sales revenue. In 2010 it ranked No. 8 of top hundred enterprises in Tianjin.
It is known that cold rolled sheet deep processing project belongs to one of the major projects of Tianjin Metallurgical No.1 Steel Group second phase construction. It is located in Tianjin Dagang Economic Development Area with 1,000 acres of 2nd phase total area and 2 million tons of designed annual capacity. Product positioning is in high-level appliance panels, high-grade building materials, car plates, car parts and structural parts with about CNY 3.0 billion of investment. Projects concerning 2nd construction project will be started next year.
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