2005 First-half CFHI Output Value Hit RMB1.38 Billion

Resource from: cbcc-yinx Likes:3027

Jul 28,2005

Up to June 30, commodity output value of China First Heavy Industry Group(CFHI) had hit RMB1.38 billion Yuan, increased by 46.9 percent from the same period last year, while total industrial output had hit a record RMB1.64 billion Yuan, increased by 54.7 percent from last year. During the first half 2005, CFHI focused their business on large-sized rolling machine units. Under the pressure of raw material price rise, lacking of key equipments, CFHI still completed the contracted production orders successively. It included 3500mm Steckel Mill, 2150mm F1/FE1 Finishing Mill, 1# / 2# Pinch Roll, Coiling Machine, 3500mm Medium Plate Roughing Mill etc. CFHI's yearly output value target is RMB3 billion Yuan. If they can continue the current production trend, they will hit that target easily by the end of this year. About CFHI

(cbcc-yinx)

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