All-China Federation of Industry and Commerce on September 10 issued the list of China's top 500 private manufacturing enterprises in 2020, and Hubei Jinshenglan Metallurgical Technology Co.,Ltd successfully entered the list with the revenue of 126.1494 million yuan in 2019, ranking the 386th, the only listed enterprise from Xianning.
Hubei Jinshenglan Metallurgical Technology Co.,Ltd, located in Jiayu Linjiang Industrial Park, is a wholly-owned subsidiary of Fujian Jinshenglan Group, a national key private iron and steel enterprise, which integrates its 6 steel enterprises in Hubei province after shut down outdated production capacity, organized technical transformation and production capacity replacement in nonlocal place. The project can produce 3 million tons of iron, 3.25 million tons of steel and 3 million tons of rolled steel annually after fully completed. It can fulfill annual industrial output value of 12 billion yuan and tax revenue of over 600 million yuan. And it will vigorously promote local employment, resettle more than 6,000 people, and promote the common development of upstream and downstream industries.
The threshold for China's top 500 private manufacturing enterprises in 2020 is 8.918 billion yuan, up 356 million yuan over the previous year. The number of shortlisted enterprises from the ferrous metal smelting and rolling processing industry (including Hubei Jinshenglan Metallurgical Technology Co.,Ltd) reached 91. (By Zhen Qiang/Xianning Daily)