Taigang Group Stainless Steel Pipe Manufacturing Plant Completed
According to Jinan Times, the construction of the first batch of stainless steel pipe factories of Taishan Iron and Steel Group has recently been completed and is in the full commissioning stage, which mainly produces medical grade stainless steel pipes and accessories as well as stainless steel materials. The annual production volume is expected to be 750 million yuan, and the profit and taxes will be 50 million yuan and above.
South Africa's blackouts could ease in 2024
Recently, increased South African private sector investment in renewable energy, coupled with Eskom's efforts to stabilize its power units and restore service units that have been offline for long periods, is expected to significantly reduce load shedding requirements, according to local media reports. by the end of 2024.
Hongwang Holding Group ranked 459th among China's top 500 companies in 2023
On September 20, the Confederation of China Enterprises and the China Entrepreneurs Association released the lists of "China's Top 500 Enterprises in 2023" and "China's Top 500 Manufacturing Enterprises." With an annual operating income of 51 billion yuan, Hongwang Holding Group ranked first. for the fourth year in a row, and in 2017 the list ranked it 459th among the Top 500 Chinese Enterprises and 241st among the Top 500 Chinese Manufacturing Enterprises.
INSG: The supply surplus on the global nickel market in July amounted to 28.6 thousand tons
According to foreign news on September 20, data released by the International Nickel Research Group (INSG) on Thursday showed that the global nickel market had a surplus of 28,600 tons in July, compared with a surplus of 15,900 tons in the same period last year. INSG added that the market was oversupplied by 25,400 tonnes in June 2023.
Philippine Nickel Mining Corporation to invest US$2 billion in new stainless steel pipe plant
According to extensive foreign media news on September 21, 2023, the Philippines' two largest nickel producers plan to invest about US$1 billion each in building processing plants, boosting government efforts to develop the Southeast Asian country's downstream mining industry.
The company is in talks with a Chinese company to build its first plant at HPAL, with a capacity of about 40,000 tons, which will be built near the company's mines in the southern province of Surigaoao. He declined to name the company, citing a confidentiality agreement, but said the project would require an investment of at least $1 billion.