According to official news from Shizong County, Qujing City, Yunnan Province, on September 30, the people's Government of Shizong County held a signing ceremony for stainless steel cold rolling and pipe making projects, which were attended by Gong Jiawu, secretary of the County CPC Committee, and Li Zhiwei, county magistrate.

According to local officials, the estimated total investment of the project is 100 million yuan, covering an area of 50 mu, of which the standardized factory building is 15000 square meters. The project mainly constructs stainless steel cold rolling and stainless steel pipe production line, two cold rolling mills, two annealing furnaces and 50 pipe making machines for cold rolling and stainless steel downstream stainless steel pipe processing. After the project has been put into production, the annual production capacity has reached 50000 tons, the output value is 600 million yuan, the tax revenue is 10 million yuan, and more than 200 people are employed.

It is reported that since the formal docking of the project, after many on-the-spot visits, negotiations, analysis and demonstration between the two sides, the two sides have reached an intention to cooperate. After the signing ceremony on September 30, the responsibilities of the project were clearly defined and the tasks of the project were refined to create a good environment conducive to the construction of the project and the development of the enterprise.