December 02, 2008

Shougang to move out of Beijing by 2010

It is reported that Beijing Shougang Group, China's fourth largest steel maker will move all its plants to neighboring province by 2010. After one year's construction the new base began to enter producing preparation work stage.

The new base covering about 20 square kilometers will be located in Caofeidian, an island 80 kilometer south of Tangshan in Hebei Province. The first phase will be put into operation in October this year.

According to a Shougang plan submitted to the State Council, the group will build a new base in neighboring Hebei Province, with an expected annual production capacity of 9 million tonnes.