It is reported that Benxi Iron & Steel Group will invest a total of CNY 5.99 billion in technology improvement of over twenty projects, including alterations in slab caster, first phase construction of super thin CR sheet and 3# heating furnace and relocation of blast furnace.
Among the total fund, CNY 5.2 billion will be put into items which have not yet been finished last year and CNY 760 million will go to newly commenced projects which required another CNY 30 million for its preparation work.
This investment mainly goes to three aspects.
1 The strategic key items of the 11th Five Year Plan including improvement of slab caster, relocation of blast furnace and coke oven, smelting and CR project for stainless steel, involving about CNY 3.2 billion and expected to be put into service in succession in the end of 2008 early 2009 and early 2010.
2. The funded area is supportive projects which need to enhance product quality, matching technologies and procedure completion. They are first-phase alteration of super thin CR sheet, HR procedure completion and improvement in 180 ton converter, upgrading of continuous caster and 1# CR galvanized streamline among over ten items, with a fund of CNY 1.87 billion and construction period of one or two years.
3. For energy saving and emission reduction, environment improvement and recycling industry development, involving CNY 530 million and expected to be completed within one or two years. These projects include 3# heating furnace improvement, dust removal of mixer furnace, energy saving and environment improving of reloading and converter, reclaiming and decoking of cokery and smoke decoking of 22# furnace for power generating. |
