Honglu Steel Structure announced on May 18 that the company and the people's government of Tuanfeng County, Hubei Province recently signed the investment contract for Honglu Steel Structure green and intelligent assembly base project. With a total investment of about RMB2 billion (USD296 million), the project would form a steel structure parts production base with an annual capacity of 380,000t including the intelligent production lines for steel structure, steel pipe, steel bar truss deck and surrounding wallboard.