Chinese MSMEs in aluminium semis manufacturing make headlines

<p>The <strong>government of Jiangle</strong> in China and <strong>Shanghai Hengming Mold</strong> joined hands to build one aluminium alloy die-casting and mould production line in the region this week, reported a source aware of the development.</p> <p>Shanghai Hengming Mold with advanced cast aluminium product manufacturing capabilities will be investing 120 million yuan in the project, said the report.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Minfa.jpg" alt="News" width="517" height="275" /></p> <p>According to the annual report published by <strong>Minfa Aluminum</strong>, the company&rsquo;s total revenue for 2016 financial year was 1.042 billion yuan, down 8.87 per cent year-on-year. Profits for Minfa&rsquo;s shareholders declined to 17.67 million yuan, down 7.34 per cent YoY.</p> <p>Minfa Aluminum management stated in the disclosure that it expects its profits to increase 10 per cent-40 per cent YoY to 5.25-6.69 million yuan in the first quarter of the current financial year.</p> <p>{googleAdsense}</p> <p><strong>Fujian Minfa Aluminium Co., Ltd</strong>. is engaged in the manufacture and selling of aluminium alloy extruded profiles in China. Its product profile features a wide range of industrial materials and aluminium building systems. Minfa&rsquo;s major products include sliding, casement, and insulated windows and doors; railings and shutters; and curtain walls for the domestic architectural sector. &nbsp;</p>