The Chinese company wants to produce steel in Primorye

© RIA Novosti / Alexander Kondratuka in photobacteria production. Archival photoThe Chinese company wants to produce steel in Primorye© RIA Novosti / Alexander Kondratuka the image Bank

HBIS China Corporation Tangsteel plans to build in Primorye plant for steel production with a total investment in the project more than 100 billion rubles, which is ready to supply products for shipbuilding the shipyard «Zvezda», informs the regional administration.

Vice-Governor of Primorsky Krai Konstantin Bogdanenko and Chairman of the Board of Directors of van Langyi discussed this issue.

«Currently the Corporation is interested in cooperation with the Far East of Russia. HBIS Tangsteel plans to buy steel plant in the Khabarovsk region, as well as to build a new metallurgical plant on the territory of Primorye. According to van Lantia, investors intend to invest in the creation of the future plant about 1.5 billion euros,» — stated in the message.

The businessman said that the region has a good economic potential, and investors there is provided a variety of benefits and preferences. «Between the governments of Russia and China reached an agreement on development of the Far East, and we, as a large Corporation, will also participate in the implementation of these agreements. Considering the geographical location of Primorye and its proximity to the Asia-Pacific region, we can say that this is a good region to host the new enterprise», – he said.

Bogdanenko noted that Primorsky Krai is interested in launching a project, including due to the construction of the shipyard «Zvezda», which buys sheet steel for shipbuilding. Van Langyi stressed that the Chinese side looks forward to working with the plant «Zvezda» and are ready to provide all the documents confirming the safety of future production for the environment. For enterprise are considered Nakhodka, Slavyanka and other ports.

HBIS Tangsteel, one of the leading steel corporations in the PRC. By the end of 2017 the volume of production amounted to 46 million tons, HBIS Tangsteel came in first place in the country for the production of steel products and the third – for the production of Autoscale.