Recently， All-China Federation of Industry and Commerce released the list and analysis report of China's top 500 private enterprises in manufacturing industry in 2020. Hubei Jinshenglan Metallurgical Technology Co.， Ltd. is on the list， with an operating income of 12.61494 billion yuan in 2019， ranking 386th， which is the only enterprise selected in Xianning.
Hubei Jinshenglan Metallurgical Technology Co.， Ltd. is a wholly owned subsidiary of Fujian Jinshenglan Group， a key private iron and steel enterprise in China. Hubei Jinshenglan， located in Linjiang Industrial Park， Jiayu County， is set up by Jinshenglan Group through integrating six iron and steel enterprises in Hubei Province， phasing out backward production capacities， conducting technological transformation， and carrying out off-site reduction and replacement.
After the project is completed and put into operation， it will annually produce 3 million tons of iron， 3.25 million tons of steel and 3 million tons of rolled steel， with an annual industrial output value of 12 billion yuan， with the profits and taxes of more than 600 million yuan， which will create over 6000 jobs and promote the joint development of upstream and downstream industries.
The threshold for China's top 500 private enterprises in manufacturing industry in 2020 stood at 8.918 billion yuan， up by 356 million yuan from 2018. The number of enterprises that are engaged in ferrous metal smelting and rolling processing industry just like Hubei Jinshenglan Metallurgical Technology Co.， Ltd. reached 91. (By Zhou Yang/Xiangcheng Metropolis Daily)