Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NANJING, November 26 (Xinhua) — Swedish steel giant Alleima AB launched the second phase of its Zhenjiang production complex in eastern China's Jiangsu Province on Tuesday, doubling its capacity and paving the way for the production of high-quality pipe products. The upgraded plant will significantly reduce delivery times for Asian customers.
The second phase saw the commissioning of a 12,500-square-meter cold processing plant. Its construction cost RMB 193 million (approximately USD 27.2 million). The plant will produce premium-grade applied tubing, including previously imported high-temperature tubing and high-pressure hydrogen tubing, meeting growing demand from customers in the petrochemical, hydrogen energy, pulp and paper, and healthcare industries.
Since entering the Chinese market in 1985, Alleima AB has steadily expanded its presence, with revenue in China exceeding RMB 1.54 billion in 2024.
"China is one of our most important, dynamically growing markets. Expanding our local production capacity has enabled us to reduce delivery times and improve efficiency," said Karl von Schantz, President of Alleima AB's Pipes Division. "Over the past seven years, we have achieved impressive growth in the Asian region, achieving high revenue levels in the chemical and petrochemical segments," he concluded. -0-
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