NETDA signs marine pipe fittings and steel structures project

A signing ceremony for a marine pipe fittings and steel structures production base project was held in Nantong Economic and Technological Development Area on July 22, with the aim of further promoting the high-quality development of Nantong's deep-sea equipment cluster.

An aerial view of NETDA. [Photo/WeChat account: [Photo/WeChat account: gh_78ba52d6e1ed]

The project is based on a total investment of $130 million by Jiangsu Lanzhou Marine Equipment. It covers about 124 mu (8.27 hectares), with a building area of 54,000 square meters, and is designed for an annual capacity of 200,000 metric tons.

Production is set to begin in 2028 and reach full capacity by 2029, when annual sales are projected to hit 1.5 billion yuan.

Jiangsu Lanzhou is a foreign-owned firm under the control of Jiangsu Hantong WING Heavy Industry. With this project, its cumulative investment in NETDA totals $681 million. The base will also complement its parent's shipyard, creating a complete supply chain from shipbuilding to outfitting.