Nanyuan Aluminum 200,000 t/a Secondary Aluminium Project Launched in Shanxi

Nanyuan Aluminum 200,000 t/a Secondary Aluminium Project Launched in Shanxi

Located in the High-tech Development Zone of Fanshi County, Shanxi, the project is expected to be put into production by the end of 2018, which will achieve an annual capacity of 200,000-ton secondary aluminium alloy ingot. Currently, the Phase I industrial park, with an area of 100mu, under construction boasts an investment amount of RMB 530 million, annual output value of RMB 3 billion, estimated tax payment of RMB 300 million and over 400 jobs. The Phase II plans to build an automobile die casting industrial park and a finish machining production line. The Company is planning the IPO at GEM, in order to make greater contribution to the construction of Fanshi County.