China leading SBQ plate maker Xingang Group set up

It is reported that Xingang Group was officially set up December 30th 2009. Its predecessor was Xinyu Iron & Steel Co Ltd, one of China largest shipbuilding steel plate makers with the capacity of 10 million tonnes of steel product.
As per report, the establishment of the new group will help centralize the management of the resources and improve the allocation of production, operation, assets, labor force and technology.