On January 8, the langnord stainless steel pipe project with a total investment of about 5.6 billion yuan was started. Lanuode stainless steel pipe project is one of the key industrial projects promoted by Jiawang District Party committee and district government of Xuzhou this year. It is jointly invested and constructed by Jiangsu Delong Nickel Industry Co., Ltd., the top three stainless steel enterprise giants in China, and Jiawang Chenglv group. It is planned to build 400000 tons of stainless steel wool pipes and 400000 tons of stainless steel finished pipes per year.

The first phase of the project can achieve an annual output of 200000 tons of stainless steel wool, and the annual sales revenue will be about 4 billion yuan after reaching full production and efficiency. After the completion of the 200000 ton stainless steel finished pipe project, the sales revenue will be increased by 6 billion yuan and the profit and tax will be realized by 300 million yuan.

Wu Wennan, executive deputy general manager of Jiangsu Delong group, said that focusing on the strategic goal of strengthening, expanding and deepening stainless steel, relying on Jiawangs good business environment and the strong support of the government, Delong group will make full use of the bar resource advantages of Xuzhou Delong, further extend the stainless steel industry chain, move forward in advance, work hard and quickly, and strictly grasp the time node, We will spare no effort to promote the langnord stainless steel pipe project and contribute to building a million ton stainless steel industry cluster and the three-year doubling plan of Jiawang industry.