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Article: BEIC Leases a New Furnace to Increase Production Capacity.
- Article from:
- PR Newswire
- Article date:
- August 21, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAIYUAN, China, Aug. 21 /Xinhua-PRNewswire-FirstCall/--Beicang Iron & Steel, Inc. (BULLETIN BOARD: BEIC) ("BEIC" or the "Company") announces today that Pinglu County Changhong Ferrochromium Co., Ltd., ("PL") one of the subsidiaries of the Company, has leased an ore heating furnace of 12,500 KVA to produce high-carbon ferrochrome alloy since June 1st, 2007, thus increasing its production capacity to meet growing market demands.
On June 1, 2007, PL reached a lease agreement with Shanxi Yuncheng Yunneng Electric Power Enterprise Co., Ltd., ("Yunneng") to rent its ore heating furnace of 12,500KVA for an initial term of 7 months. Upon the maturity date of the term, ...