Recently, Luzhou Xinyang V-Ti lron and Steel Co., Ltd. announced that Luzhou Yixin Iron and Steel Co., Ltd.and Sichuan Luzhou Jiangvang lron and Steel Co. Ltd, merged into l uzhou Xinvana VTi lron and Steel Co.Ltd. by restructuring and uparading transformationFrom January 1st. 2021. Luzhou Yixin lron and Steel Co.. Ltd, and Sichuan Luzhou Jianavana lron and Steell Co., Ltd. will no longer perform activities such as marketing, sales and trademark use separately and Luzhou Xinyana y-Ti lron and Steel Co Itd will car out production and oneration activities with the brand name of "Lugang".Accordina to the " environmental impact statement of Luzhou Xinvana lron and Steel's restructurina andl technological transformation project" approved by Department of Ecology and Environment of Sichuan Province earlier hefore, the proiect will have an annual production capacity of 1.9 million tons of common rolled steel (an annual smeltina capacity of 2 million tons of iron melt) after completion. With a tota investment of around RMB20 billion (uSD3 06 billion) the proiect will invest RMB230 million (uSD35 22 million) in environmental protection.