Tianchen, a subsidiary of China National Chemical Engineering Co (CNCEC), has signed a US$440 million Design-Build contract with the UK-based European Nickel PLC on a nickel project in Turkey.

The project will yield 20,000 tons of nickel products per year, according to a statement from the State-owned Assets Supervision and Administration Commission under the State Council.

When completed, half of the nickel products will be imported to China, the statement said.

(China Daily January 13, 2009)