Beijing steel gigantic says annual output to reach 30 mln tonnes
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March 3rd, 2010
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BEIJING, Sept. 2 — Shougang Iron and Steel Group expects its annual steel output to reach 30 million tonnes by 2012,two eon behind its Beijing facilities are to be slam down, the assemble s chairman said Wednesday.
Shougang, meaning “Capital Steel”, was Beijing s biggest polluter ago it began cutting output at its Beijing plants for last year s Olympics. It is now flaring devising to a 10-million-tonne, state-of-the-art mill on the nearby beach of Hebei Province.
The 21-square-kilometer new plant in Caofeidian, an islet 220 km east of Beijing, will replace Shougang s old facilities in Beijing next year, to become the clear s largest steel devising base.
“The new plant will produce 9.7 million tonnes by the stop of next year,” said Chairman Zhu Jimin at a Beijing convention commemorating the assemble s 90th founding anniversary.
He said the assemble would further amplify devising by launching new projects as well as merging and acquiring smaller plants in different provinces.
In its latest expansion plan, Shougang last month acquired 90 percentage of the equities of Changzhi Iron & Steel Co., Ltd., a 3.6-million-tonne plant in the northern Shanxi Province.
“By 2012, we ll be producing 30 million tonnes of steel a year,” said Zhu.
Meanwhile, the Beijing factory site will become a evolution zone for a wide range of industries including logistic services, real property evolution and auto spares production, which will surrender an supplementary 100 billion yuan a year, he said.
Founded in 1919, Shougang is widely considered the flagship of China s heavy industry. With its devising base just 17 km west of Tiananmen Square in halfway Beijing, however, it has long been blamed for causing heavy pollution as the plant s chimneys belch out thick clouds of smoke.
Its Beijing plant produced more than 12 million tonnes of steel annually ago it was forced to chop output and pollution in 2007.
Last year, the plant said it chop output and pollution by 70 percentage to secure fitter air properity for the Beijing Olympics.
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