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On May 23, Jiangsu Baosteel precision steel wire 1st phase project is completed and commissioned in Haibao industrial park in Haimen city Jiangsu Nantong. This means that Baosteel officially enters the field of high-grade wire products and opens up the industrial chain from steelmaking to rod rolling and product pulling. Through industrial chain linkage, Baosteel will play its advantage and strive to create Baosteel Precision Steel Wire into the most competitive wire product manufacturing company in domestic car tires and hoses and other rubber reinforcing materials and energy sectors.
Baosteel Group chairman Xu Lejiang, deputy general manager Zhou Zhuping, Nantong City mayor Zhang Guohua and China Rubber Industry Association chairman Deng Yali attend commissioning ceremony and product launching meeting. Baosteel Metal chairman Jia Yanlin presides over the commissioning ceremony.
Jiangsu Baosteel Precision Wire Co., Ltd. is Baosteel Metal's wholly owned subsidiary and is mainly engaged in wire product extended processing business such as automotive tire cords and photovoltaic industry cutting wire. The project covers an area of 520 mou and starts construction in two phases by the end of 2011 in Haimen. The 1st phase project investment is 730 million yuan and will form 50,000 tons of precision wire production capacity, including 45000 tons of steel cord and 5000 tons of cutting wire. At present, it has initially formed 1500 tons of automobile tire steel cord monthly production capacity and 400 tons of cutting wire product production capacity. The products have passed certification test by many users and achieve mass supply. At the same time, the second period of 1st phase project equipment installation is in full swing and it is expected to achieve production in September this year. In addition, Baosteel Metal also carries out 2nd phase project simultaneous planning in the business plan. The two projects' total scale will reach an annual capacity of 100,000 tons of precision wire.
Deng Yali says in his speech that in green tire industrial development, the application of ultra high strength steel cord can improve tire quality, reduce tire weight and tire resistance. It has become the recommended main reinforcing material in green tire environmentally friendly material. Jiangsu Baosteel precision steel wire is a rising star in the rubber reinforcing material. With Baosteel's strong support in material and technical management, good and adventurous team, it certainly can catch up, become stronger and better and become an excellent raw material company. It will add glory to Baosteel industrial chain, add vitality to Nantong's economy and contribute to rubber industry's green and high-end development.
Zhou Zhuping says in his speech that precision steel wire production was Baosteel's dream for many years and this type opens up a new world for us. Baosteel has been adhering to the concept of providing community and users with the highest quality products and service. In precision wire future product series, it will design the product series following high-end product trend and meet user requirements in a timely and convenient manner and in advance. Jiangsu Baosteel Precision Steel Wire will continue to improve management level, and through R & D and innovation, create a thriving and competitive company in the industry.
In his speech, Zhang Guohua congratulates Jiangsu Baosteel Precision Steel Wire's successful putting into operation on behalf of Nantong Party committee and municipal government He expresses his thanks to Baosteel for its concern and support of Nantong and Haimen's development over the years. He says that three years ago, Baosteel set the first modern, ecological overall development industrial park outside Shanghai in Haimen. At present there are five projects which have entered and two projects which have been into production. Jiangsu Baosteel Precision Steel Wire's putting into production is bound to provide a new growth point for enhancing development level along Yangtze River. Nantong municipal government will, as always, put efficient investment, contact actively, join with Baosteel in building Haibao Industrial Park into manufacturing park model in industrial age.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| CF8R IKO | 19 | 12.2max | |
| CF8M IKO | 19 | 12.2max |