According to the data, Jiangsu tengkai new metal materials Co., Ltd. plans to invest 1150 million yuan to build a rod line production line, a high-speed wire line and supporting solid solution acid washing treatment line on 270 mu of land newly acquired on the south side of binxiang Avenue, the east side of Puyi road and the north side of Kaichuang road in Xiangshui Industrial Economic Zone, Yancheng City, with an annual output of 300000 tons of stainless steel high-speed wire and 700000 tons of stainless steel bars. It is reported that the project is expected to be fully put into operation in four months.