Groundbreaking Ceremony for Precision Stainless Steel Strip Project in Fujian, China

Published: Mar 10, 2025 13:14

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[Stainless Steel Project] On March 3, 2025, the groundbreaking ceremony for the annual production of 100,000 mt of precision stainless steel strip project was held in Fu'an, Ningde, Fujian Province. This project is promoted by Fujian Ningde Daohe New Material Co., Ltd. With a total investment of 500 million yuan and covering an area of 80 mu, it adopts advanced industry equipment to produce 200-series, 300-series, high-temperature alloy, and nickel-based alloy precision steel strips. The products are applied in key precision components in fields such as new energy batteries, automobiles, and aerospace. After the project is put into operation, it is expected to achieve an annual output value of over 2 billion yuan, an annual profit and tax of approximately 40 million yuan, and provide more than 200 jobs. It will fill the gap in the stainless steel industry base of the Wanzhou Peninsula in this field, improve the industry chain, and enhance competitiveness. On the same day, the Xin Qinghong annual production of 100,000 mt stainless steel leveling and slitting project was also successfully signed.

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