On December 13, 2016 local time, the 90m high-speed wire finishing rolling mills manufactured by Hangji for the 200,000 tons of round steel project was officially put into operation in Ethiopia Oriental Industrial Park. More than 10 people, including fitsumi, director general of Ethiopia Investment Bureau, attended the ceremony to congratulate.
Fitsum, director general of Ethiopian Investment Bureau, congratulated the project on its formal commissioning and hoped that the commissioning of the project would increase local employment and expand exports. The local government has provided sufficient power guarantee for local employment and employment to enterprises in the park, and the project can be put into operation in just 10 months.
The project with an annual output of 200,000 tons of round steel products served by our company purchased 180 mu of land and 13000 square meters of standard steel structure plant, with a total investment of 50 million US dollars. The first phase invested 23 million US dollars to build a round automation production line with an annual output of 200,000 tons of round steel products. The second and third phases of the future plan to invest 27 million US dollars to build special-shaped manufacturing production lines and metal deep processing product production lines.
