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Yongjin Corporation to build an ultra-thin precision stainless steel strip project

Yongjin Corporation announced on the evening of October 16 that the company intends to invest 1.172 billion yuan (USD176 million) to build an ultra-thin precision stainless steel strip project with an annual processing capacity of 195,000 tons (the second phase of the Zhejiang relocation project). They planned to commence construction in July 2021 and finish it in 18 months.