Project To Construct Fe-Ni Plant In Fujian / China Is Proceeding With Its Completion In 2009

摘要

The project to construct new plant for production of ferro-nickel on a large scale is proceeding in China with an aim to start the production in 2009. Fujian Desheng Nickel Products Co., Ltd. has been planning this project and has recently succeeded in financing of CNY800 million (1.00 US dollars : CNY6.9 ) from Fujian Branch of Bank of China. In order to develop this ferro-nickel project, both companies of Fujian Desheng and Bank of China ( Fujian Branch ) signed on an agreement to cooperate each other.