Chinese Baogang Group aims on sales revenue of US$ 1 billion in 2012
It is reported that Baogang Group, the largest steel enterprise in Inner Mongolia has aimed to reach sales revenue of US$1 billion in 2012.
On December 27th, 2011, Baogang Group had accomplished its 2011 crude steel output target of 10.10 million tons.
In the first 11 months of 2011, the sales revenues of the company have come to roughly RMB 54.214 billion.
For 2012, the company planned to increase its iron output to 10.45 million tons and to raise its output of crude steel and finished steel to 10.9 million tons and 10.34 million tons respectively to realize its sales target of RMB60 billion (US$1 billion).
News Date 05 Jan 2012 13:54:55 reported by Mike Lo