Guangfu Group commissions φ340mm steel pipe production Line

On July 1, Shandong Guangfu Group Co., Ltd. officially commissioned its φ340mm premium steel pipe production line. The project, with a total investment of RMB300 million (USD41.87 million), covers 68Mu (4.54 hectares) and has a built-up area of 25,344 square meters. Once operational, it will be able to produce 130,000 tonnes of high-quality steel pipes annually for construction machinery, generating an estimated output value of RMB3 billion (USD419 million) and creating over 600 jobs.