Zenith, a non-government run steelmaker in Jiangsu, has decided to invest 12 billion yuan to build a new steelworks that will bring its output to 10 million tons by 2011. The first phase of the project is expected to be launched in January 2010, adding the mill’s capacity to seven million tons. The mill had 25.79 billion yuan in operation income in 2008. It ranked 23rd among China’s non-government run enterprises and 37th among steelmakers nationwide.