November 21, 2008

ZYPOSCO puts new tinplate line in operation

It is reported that a tinplate production base with annual production capacity of 250,000 tonnes was formally put into production at Qinhuangdao in Hebei Province on February 28th 2008. The construction started in April 2007, following an agreement signed on December 21st 2006.

The project, run by ZYPOSCO, a JV of Guangnan Limited, the listed subsidiary of GDH Limited and POSCO's fully owned subsidiary POSCO China, has a total investment of USD 60 million.

Mr Luo Jianhua general manager of ZYPOSCO said the company's ETL production line runs at 450 meters per minute and has capacity of 250,000 tonnes.

After the operation of this project, Guangnan Limited has two tinplate production bases in Zhongshan and Qinhuangdao respectively with an annual production capacity of 500,000 tonnes, ranking the second in the country.

(Sourced fro MySteel.net)