# Zhejiang Yongjin to invest $276M in stainless steel project in Yangjiang

China's Zhejiang Yongjin Metal Technology Co will invest 1.81 billion yuan ($276 million) to build a precision stainless steel processing project in Yangjiang, Guangdong province. The project is scheduled to launch by end of 2020 with annual capacity of 680,000 tonnes.

- Type: New facility
- Announced: 2018-06-26
- Where: Yangjiang, Guangdong province, China
- Value: $276.0M
- Starts operating: 2020
- Status: announced
- Capacity: 680,000 tonnes per year
- Products: precision stainless steel strips
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Zhejiang Yongjin Metal Technology Co](https://endata.com/companies/32766.md)

## Sources

- [mining.com](https://www.mining.com/web/chinas-zhejiang-yongjin-launch-276-m-stainless-steel-project/), 2018-06-26: "The new capacity will be close to our major market of Foshan city in Guangdong, and also close to our raw material supplier."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.