Swedish steel producer Alleima AB has doubled its local production capacity by commissioning the second phase of its cold processing plant in Zhenjiang, Jiangsu Province, east China.
The company aims to reduce the delivery time for its Asian customers and supply high-quality pipe products through the new facility.
The expanded 12,500 square meter factory was built with an investment of 193 million yuan (approximately 27.2 million US dollars).
It will produce high-performance pipe products for industries such as petrochemicals, hydrogen energy, pulp and paper industry, and healthcare, including high-temperature and hydrogen fueling pipes that were previously imported.
The new plant is powered by solar energy, and the company uses more than 80% recycled steel.
Alleima AB plans to reduce CO₂ emissions by 50% by 2030 compared to 2019 levels.
Carl von Schantz, president of Alleima AB's pipes division, said: "Over the past seven years, we have seen impressive development in the Asian region with strong revenue growth in the chemical and petrochemical segment."
Goran Bjorkman, the company's President and CEO, emphasized that the expansion of capacity and product range strengthen their ability to supply products locally in Asia and strive to serve the strong and growing Chinese market.
steelradar.com
