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Hunan Valin Steel: Subsidiary Plans 3.147 Billion Yuan Investment in Phase III Automotive Sheet Project
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Author：小编
Hunan Valin Steel's subsidiary, Valin ArcelorMittal Automotive Steel Co., Ltd., plans to implement the Phase III automotive sheet project. The project involves the construction of a high-efficiency vacuum coating line with an annual capacity of 850,000 tons and a continuous annealing line with an annual capacity of 1 million tons, along with supporting facilities. The total estimated investment is 3.147 billion yuan (tax included), funded by 50% self-owned funds and 50% bank loans, with a construction period of 28 months. Once production begins, the company's annual galvanizing capacity will increase from 2 million tons to 3 million tons.
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