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PANASIALUM intends to set up aluminium alloy plant at a cost of RMB1,800 million
Edited by : AL CIRCLE
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PANASIALUM announced that PanAsia Aluminium Limited, a wholly owned subsidiary of the company, entered into a non-binding letter of intent with the People’s Government of Shuangliu County of Chengdu City, pursuant to which the group intended to invest by phases RMB1,800 million (approximately HK$2,275 million) to set up aluminium alloy production base.
The proposed plan comprises existing production lines and new capital over the next several years at Southwest Airport Economic Development Zone to establish an aluminium alloy production base for electronics products.
The company will conduct feasibility study on the proposed project and it is expected that formal investment agreement in relation to the proposed project will be entered into within three months from the date of the Letter of Intent.The proposed project may or may not materialise.
The proposed plan comprises existing production lines and new capital over the next several years at Southwest Airport Economic Development Zone to establish an aluminium alloy production base for electronics products.
The company will conduct feasibility study on the proposed project and it is expected that formal investment agreement in relation to the proposed project will be entered into within three months from the date of the Letter of Intent.The proposed project may or may not materialise.
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