Steel Giant On Fast Track To Success
Steel giant Baogang Group is on track to expand its thriving business operations through the Belt and Road
The sprawling Stateowned conglomerate is one of the largest steel rail manufacturers in the world with a production capability of 2.1 million metric tons.
But now the group plans to increase its exports as part of President Xi Jinping's initiative, which aims to connect
Asia, Africa and Europe to a modern version of the ancient Silk Road.
"As the world's largest steel rail manufacturing base by capacity, Baogang will increase exports to more Asian and European economies related to initiative," said Liang Zhengwei, chief engineer at Baogang's rail-making factory.