According to the Fujian Provincial Department of Industry and Information Technology, recently they had approved the application of stainless steel cold rolling expansion project from Fujian Hongwang Industrial Co., Ltd.

This project was expected to be finished in December 2023. Hongwang will build two new stainless steel cold-rolling production lines, whose annual output is 600,000 tons and 700,000 tons respectively.

Hongwang planned to purchase equipment like continuous rolling mills, continuous annealing and pickling unit, and tension revelers.

After being completed and put into production, this project will possess an annual processing capacity of 1.3 million tons of precision stainless steel strips.