The JFE Precision Steel Pipe Project is jointly established by five overseas companies including Japan JFE Steel Co., Ltd., Japan Kawasaki Steel Pipe Co., Ltd., Japan Itochu Marubeni Iron & Steel Co., Ltd., Itochu Marubeni Steel Hong Kong Co., Ltd., and Taiwan Yuhua Industrial Co., Ltd. Among them, Japan JFE Group, Itochu Group, and Marubeni Group are among the world's top 500 companies, and JFE Group is the second largest steel group in the world. The project mainly supplies Japanese auto parts manufacturers mainly in Japan and Europe. The total planned investment is 288 million yuan and the registered capital is 96 million yuan. It is estimated that the annual sales will reach 270 million yuan.