On the morning of March 4, the East District Government of Panzhihua City and Panzhihua Gangcheng Group Co., Ltd. held a symposium and project signing ceremony.

According to the agreement, Gangcheng Group will build a new "123,000 tons of precision titanium/steel sheet cold rolling production line" project in Gaoliangping Park, East District. The project is planned to be invested in RMB300 million (USD45.99 million), cover an area of about 52 acres, and construct a new production line with an annual output of 123,000 tons of titanium/steel cold-rolled sheet, including 3,000 tons of titanium sheets and 120,000 tons of steel sheets. After the project is completed, it will be put into commercial production and achieve its maximum within one year. And it is expected to achieve an annual output value of more than RMB400 million (USD61.33 million) and a tax of more than RMB4 million (USD0.61 million).