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The Pudong Iron & Steel Factory, run by China's biggest steel
giant, the Baosteel Group, is moving to a new site to make way for the
2010 Shanghai World Expo.
More than 10 billion yuan (US$1.2billion), mainly coming from
Baosteel's coffers, is to be spent on construction and preparing the new
site for production, insiders revealed.
The new site will cover a total area of more than 2.82 square
kilometres, an increase on the current site which takes up 2.18 square
kilometres.
Facilities will be totally removed from the old
site by the end of 2006 with first-stage construction at the new site
including one mill, one revolving furnace
, one 100 ton electronic furnace, and two continuous
casting machines to be completed in 2007.
Top-level managers at the Baosteel Group have said they will take this
opportunity to upgrade facilities to the world's most advanced
technological standards, making the new plant "more
environmentally-friendly" than its predecessor.
Xie Qihua, chairwoman of the Baosteel Group, said: "The moving of
Pudong Iron & Steel Factory will not only substantially support
construction for Shanghai's World Expo 2010, but also enhance the
production capacity of the factory on its new site."
After the first stage of the site is finished production capacity will
exceed 1.5 million tons of pig iron.
Baosteel's technological experts said the amount of waste discharged
will be greatly reduced.
(China Daily) | 
Updated: 2005-06-30 08:46
