Zhejiang Province-based Chinese pipe producer Jiuli Stainless Steel Pipe Co.(Jiuli Pipe) announced that 85 percent of the plant construction at its large-diameter thick-walled stainless steel welded pipe project has been completed. The stainless steel welded pipes to be produced will be used in oil, natural gas, and liquefied natural gas pipeline projects.
The project started in 2012 with a total investment of RMB 300 million ($47.57 million). During January-August, RMB 79.95 million ($12.68 million) has been invested in the project.