China Minmetals Corp, the nation's largest metal trader, recently began development of an industrial park in Yingkou, Northeast China's Liaoning Province.

Construction will last 15 years and require an investment totaling 30 billion yuan. The park is projected to provide 106,000 jobs when complete.

Covering an area of 30.4 sq km, the park will include the 20-sq-km Yingkou Coastal Industrial Base and a metallurgical and heavy equipment manufacturing zone of 10.4 sq km.

Zhou Zhongshu, president of China Minmetals, said the park will include equipment manufacturing, steel processing, precision machinery and instrument manufacturing, new materials processing, logistics and commercial services.

Minmetals has signed investment agreements with one domestic and two overseas companies to help fund the park.

France's Air Liquide, Kanematsu Corp from Japan and domestic company Leadreits are expected to invest more than 6 billion yuan.

(China Daily)