Jiuli special materials (002318. SZ) announced that in order to further enhance the production capacity of the company’s oil and gas transportation special alloy welded pipe, expand its product specifications, and meet the domestic and international market demand for medium and large diameter welded pipe, the company plans to invest in the construction of an annual output of 10000 tons of oil and gas transportation special alloy welded pipe project, with a total investment of 181 million yuan.
The company said that the annual investment in the construction of 10000 tons of oil and gas transmission special alloy welded pipe project aims to meet the domestic and foreign market demand for medium and large diameter welded pipe production. After the project is completed and put into operation, the company will expand the above product specifications, improve the overall capacity and market order taking ability.