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June 22, Management Committee of Yinchuan ETDZ disclosed that welding plate project which invested RMB 150 million by Nantong Zhoujian Panel beating Co., Ltd. officially started the construction. Fix assets investment of the project is RMB 70 million.
According to Nantong Zhoujian Panel beating Co., Ltd., the project mainly provides the first-class welding plate and surface cover for machine tool industry, automotive manufacturing, and wind power equipments. After completion, the project will achieve annual sales of RMB 300 million, annual profit and tax of RMB 30 million and will provide 400 job vacancies.
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