Henan Dingxin New Material commences production
2023-08-21 11:41:20 [Print]
Henan Dingxin New Material Technology Co., Ltd. held a ceremony for the start of formal production in Mamu on August 17.
With total investment of RMB1.08 billion (USD148 million), the company is located at the aluminum scrap circular economy park in Mamu, Henan and is scheduled to be developed in three phases. Phase one and phase two of the project will produce 250,000tpa of aluminum bar and aluminum ingot respectively and the third phase will produce 50,000tpa of aluminum profiles. The project is expected to generate annual production value of RMB1.5 billion (USD206 million) and bring annual tax revenue of RMB30 million (USD4.12 million) to Mamu, creating nearly 400 new local jobs.
With total investment of RMB1.08 billion (USD148 million), the company is located at the aluminum scrap circular economy park in Mamu, Henan and is scheduled to be developed in three phases. Phase one and phase two of the project will produce 250,000tpa of aluminum bar and aluminum ingot respectively and the third phase will produce 50,000tpa of aluminum profiles. The project is expected to generate annual production value of RMB1.5 billion (USD206 million) and bring annual tax revenue of RMB30 million (USD4.12 million) to Mamu, creating nearly 400 new local jobs.
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Unit:RMB/mt
China primary aluminum producers' sales to production ratio statistics by province by month
Unit: %
