Xingxian Economic Development Zone inks deal for 150,000 tonnes automotive aluminium profiles project
On December 26th, a momentous signing ceremony occurred between China-based Xingxian Economic Development Zone and Shanghai Xinying Chain Management Co., Ltd., marking the commencement of a transformative project focused on producing 150,000 tonnes of new energy automobile parts and aluminium profiles.
The project, boasting a substantial total investment of RMB 400 million, will undergo construction in two distinct phases. The initial phase will witness the establishment of two state-of-the-art aluminium alloy bar casting lines, each with an impressive annual production capacity of 25,000 tonnes. This phase is set to yield a minimum of 10,000 tonnes of automotive components and 14,000 tonnes of high-quality aluminium alloy profiles.
In the subsequent phase, an additional two aluminium alloy bar casting lines will be constructed, mirroring the production capacity of the initial phase at 25,000 tonnes per annum. This expansion is anticipated to produce no less than 20,000 tonnes of new energy automobile parts and a substantial 28,000 tonnes of premium aluminium alloy profiles. The comprehensive scope of this project reflects a significant stride towards advancing the automotive and aluminium industries within the Xingxian Economic Development Zone.
Rocal expands its portfolio with strategic acquisition of BDC Aluminium
Next articleDownstream weekly recap: SRF Ltd's share price rises 1% following approval of its aluminium foil venture
Grow with
AL Circle
