Baowu will build the largest renewable resources industrial base in East China with shipbreaking as the core in three years.
On July 6, Ou Ye Chain Gold (Jingjiang) was inaugurated in Jingjiang. The registered capital of the project is 195 million yuan, mainly engaged in recycling waste steel and other metal renewable resources.
The project will rely on the large-scale shipbuilding enterprises in Jingjiang area and the advantages of port resources, and build an upgraded model base of metal renewable resources industry with shipbreaking as the core characteristics.
Baowu will form a multi-structure layout of one shipbreaking base, one core base and one front line platform with the business model of "base + platform + finance", to build the largest renewable resource center base in East China, and strive to achieve sales revenue of over 8 billion yuan in three year.
After the completion of the first phase, the project is expected to have an annual sales volume of 1.5 million tons and a sales volume of 3.75 billion yuan.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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