November 21, 2008

Taizhou to build steel logistics center

It is reported that Taizhou Logistics Zone signed agreement with Jiangsu Xinchangjiang Group recently and tow companies plan to construct “Taizhou Changhong Steel Logistics Center” together. With an investment of CNY600 million and it would become the biggest steel logistics center in province Jiangsu.

The center is supposed to be located at No.2 port in the logistics zone. It is introduced that the logistics center would become a modernized steel logistics center specialized in distribution, storage, loading and discharging, transportation, processing, etc. The sales income is expected to be CNY 10billion and total tax and profit over CNY 50million within three years after the completion of the constriction.