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Swedish steel giant Alleima AB launched its phase-two cold-finishing plant in Zhenjiang, China, doubling local production capacity. The 12,500-square-meter facility represents a 193-million-yuan (about $27.2 million) investment and will manufacture high-performance tubular products for sectors including petrochemicals and hydrogen energy.
“We have had an impressive development in the Asian region, with strong development of revenues in the chemical and petrochemical segment over the last seven years.”english.news.cn
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