Hongyu New Material breaks ground on precision aluminum products project
2023-12-04 11:42:59 [Print]
On December 2, the groundbreaking ceremony for Jinsai Hongyu New Material High-end Precision Aluminum Products Production Project was held at Jinsai economic development zone.
With a total investment of around RMB500 million (USD70.10 million), the project has a planned land area of 60Mu (4 hectares) and will build 36 aluminum profiles extrusion and die-casting production lines, mainly producing NEV auto parts and high-end electronic radiator.
After two years of operation, the project is expected to achieve annual production of 30,000t and annual sales revenue of more than RMB600 million (USD84.12 million), along with tax revenue of RMB20 million (USD2.80 million).
With a total investment of around RMB500 million (USD70.10 million), the project has a planned land area of 60Mu (4 hectares) and will build 36 aluminum profiles extrusion and die-casting production lines, mainly producing NEV auto parts and high-end electronic radiator.
After two years of operation, the project is expected to achieve annual production of 30,000t and annual sales revenue of more than RMB600 million (USD84.12 million), along with tax revenue of RMB20 million (USD2.80 million).
Aluminum Ingot 99.7%min In warehouse Wuxi
Unit:RMB/mt
China secondary aluminum alloy producers' sales volume statistics by province by month
Unit: mt
