According to the market and product orientation, Hunan Valin Steel Tube & Wire Co., Ltd. will establish the secondary procession production lines and finishing operation lines as well as related supplemental equipments for seamless pipelines in its holding subsidiary Hengyang Valin MPM Steel Tube Co., Ltd. with total investment of RMB 796.68 million and construction duration of 24 months, so as to adjust and upgrade the product structure as well as meet the market demand for high-end seamless steel pipes.