HBIS subsidiary HBIS Laoting Steel plans to invest 7.967 billion yuan in a new 5600mm hot-rolled heavy plate production line. The project was approved by the company's board of directors at its tenth meeting of the sixth session on July 23, with a construction investment of 7.967 billion yuan, funded by its own capital and self-raised funds. The project is located within the Laoting Steel plant area in Hebei's Laoting Economic Development Zone, primarily building a 5600mm hot-rolled heavy plate production line and supporting public auxiliary facilities. Upon completion, it will produce 2.42 million tonnes of qualified finished products annually without adding new steel capacity, with a planned construction period of 24 months. The product mix will focus on high-end products such as ship and offshore engineering plates, wind power tower plates, and low-alloy structural steel plates. The company stated that the project will help optimize its product structure and drive transformation and upgrading toward high-value-added products.
HBIS Co LtdHBIS subsidiary plans 7.967 billion yuan investment in new heavy plate production line, approved by board, funded by own capital and self-raised funds.