Indonesia's 1.2 million tons per annum Glory Metal Joint Venture Smelting Project Officially Opens

On August 9, the Morowali Industrial Park in Indonesia held a groundbreaking ceremony for the 1.2 million tons per year joint venture smelting project of Indonesia Glory Metals Co.Mr. Xiang Guangda, Chairman of the Board of Directors of Qingshan Industrial, and Mr. Abojodai Jindal, Executive Director of Jindalai Stainless Steel Group of India, attended the ceremony. Indonesia Glory Metal Company by the Castle Peak Industries and India Jindalai Stainless Steel Group jointly invested in the formation of a planning area of 150,000 square meters, with a planned annual output of 1.2 million tons of stainless steel, is the two sides following the Indonesia Widabe Park Lankay and Cozan metal projects, in the field of industrial technology and market expansion of the international depth of cooperation in the field of complementary advantages, integration and development of a fruitful result. After the project is put into production, it will further drive the investment and employment in Indonesia and the prosperity of regional economic growth, and inject fresh vitality into the efficient and healthy development of the global stainless steel market. At the groundbreaking ceremony, the general manager of Indonesia Glory Metal Company, Fang Yi, in his speech introduced the overall planning of the project and the blueprint for future development, reviewed the fruitful achievements of the two sides' industrial cooperation, and said that he would "dare to be the first, integrity and dedication" to the spirit of "sparing no effort to promote the project engineering and construction, and do our utmost to ensure the early commissioning of the project, Production.

Tarun Kulbe, president of Jindalai Stainless Steel Group, spoke highly of the cooperation between the two sides and hoped that the two sides will continue to deepen the complementarity and integration of strengths in the future, so as to achieve more fruitful results in the cooperation of international projects, and jointly promote the long-term development of the two sides and the industry as a whole. Subsequently, the leaders of the meeting went up to the stage to cut the ribbon, and Mr. Xiang Guangda, the chairman of the meeting, solemnly declared "Indonesia Glory Metals Ltd. formally commenced the construction", which opened the prelude of the project construction. Mr. Ding Liguo, Chairman of Delong Iron & Steel Group, Mr. Tarun Kulbe, President of Jindalai Stainless Steel Group, Mr. Xu Kaihua, Chairman of Greenpeace, Mr. Xiang Binghe, Chairman of Yongqing Group, Mr. Wang Haijun, Chairman of Shanghai Dingxin Investment Group, Mr. Wu Huadi, President of Yongqing Group, Mr. Wang Zhenhe, Director of Operations of IMIP, took part in the groundbreaking ceremony. General manager of each company in Indonesia Morowali Park, leaders of enterprises in the park and staff representatives of Indonesia Glory Metals attended the groundbreaking ceremony with a total of more than 200 people.