China: The Gaoping government recently invested an astounding total of CNY 1.5 billion to create a stainless-steel industrial park and a large-scale, whole industrial chain park. This new venture is intended to attract companies that use high-end stainless-steel materials for settling down and conducting business in the area.

Construction of a new park has been steadily progressing, with 50% of the project now complete. Further progress is expected to be made in May, with plans to complete the entire project by the end of July. The new park will span an area of 322 acres when complete.

A new project has been launched with an annual processing capacity of 300,000 tons of cold-rolled stainless steel, as well as an annual production capacity of 100,000 tons of stainless-steel profiles. This will be a major milestone for our company and the industry at large.