BEIJING, May 18 (Xinhua) -- Daye Special Steel Co.,Ltd (000708.SZ)announced Friday that it planned to launch a high-quality mold steel production line project with a total investment of 735 million yuan.
This project is to build a 60MN forging production line with an annual production capacity of 30,000 tonnes, two "double vacuum" furnaces and other supporting facilities.
The project is expected to go into operation in 2019 and realize full capacity in 2020. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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