27 AUGUST 2014AlCircle.com
Inner Mongolia Chuangyuan Metal Co. proposes a 7.2 billion Yuan project in Huolingol
Edited by : AL CIRCLE
1 min read
According to local media reports, the Inner Mongolia Chuangyuan Metal Co. proposes to build an aluminium fabricating project in 2015 around Inner Mongolia’s Huolingol region. The capacity of this new project will be around 800,000 tpy.
The 800,000 tpy will be the first phase of the project where the aluminium will be in a liquid state as raw material for the fabricating project. From there, this 7.2 billion Yuan ($1.2 billion) project plans to develop 200,000 tonnes each of high-end aluminium alloy bars and aluminium alloy composite plate. Along with that there will be 300,000 tonnes of industrial aluminum extrusion and 5 million aluminium alloy wheel rims produced per year.
The company is projecting an estimate of about 18.4 billion Yuan in revenues, profits and taxes of 2 billion Yuan and 2000 employment opportunities.
The 800,000 tpy will be the first phase of the project where the aluminium will be in a liquid state as raw material for the fabricating project. From there, this 7.2 billion Yuan ($1.2 billion) project plans to develop 200,000 tonnes each of high-end aluminium alloy bars and aluminium alloy composite plate. Along with that there will be 300,000 tonnes of industrial aluminum extrusion and 5 million aluminium alloy wheel rims produced per year.
The company is projecting an estimate of about 18.4 billion Yuan in revenues, profits and taxes of 2 billion Yuan and 2000 employment opportunities.
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