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CN - CO to establish industrial park in Wuhan

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It is reported that Wuhan Iron and Steel Group plans to spend CNY 10 billion to build the Wuhan Iron and Steel High-tech Industrial Park within Donghu High-tech Development Park.

According to WISCO, the park will occupy 3,000 mu and will be divided into three phrases over the next five years. The center will be devoted to information and automation, new energy, electronic products, metallurgy industrial technology, new materials and advanced manufacturing equipment. It also has a technique service center, research and development center and industrialization center.

WISCO estimates that the industrial park could bring over CNY 12 billion in sales and CNY 1.4 billion in net profits.

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