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CN - CFHI to complete casting & forging steel base

It is reported that China First Heavy Industries, the bellwether of China's heavy duty equipments manufacturer, has speeded up the construction of the world's largest casting & forging steel production base. As per report, with total spending of CNY 4 billion 80% of the construction work has been completed, and started to take up some national key large castings and forgings projects like the unclear power plant, large-scale hydraulic power station etc. CFHI expects to realize annual capacity of 0.5 million tonnes of molten steel, 0.24 million tonnes to 0.25 million tonnes of forgings and 60,000 tonnes to 70,000 tonnes of casting & forging steel by 2010, with castings & forgings production taking up 25% of the world's total by then, and ending the history of heavy reliance on imports.

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