Swedish steel company Alleima has launched a new cold-finishing plant in Zhenjiang, Jiangsu Province, in east China. The phase-two expansion doubles local production capacity and targets faster deliveries to customers across Asia.
The 12,500-square-meter facility represents an investment of 193 million yuan, around 27.2 million$. It will produce tubes, including high-temperature and hydrogen refueling products, for petrochemical, hydrogen, paper, and health care customers in Asia.
Alleima has operated in China since 1985, with China revenue exceeding 1.54 billion yuan in 2024. The company’s Zhenjiang unit has focused on sustainability, keeping greenhouse gas emissions below industry averages.
The new plant runs on solar power, and Alleima uses more than 80 percent recycled steel in production. By 2030, the group aims to halve CO2 emissions compared with 2019 levels.
Carl von Schantz, president of Alleima’s Tube Division, highlighted strong revenue growth in Asia’s chemical and petrochemical segments. President and CEO Goran Bjorkman said the investment strengthens Alleima’s local delivery capacity for a growing Chinese market.
