Ningxia Jinfei to put auto wheel project into production in May 2018
2017-12-29 17:19:02 [Print]
Ningxia Jinfei's 5 million auto-wheel project (phase I) is expected to come on stream in May 2018 with the production line for 8 wheel casting machines under construction now. After the project goes into operation, about 2.6 million wheels would be produced per year, creating value of about RMB600 million. Ling Jingming, the Vice-President of the company, stated that they will increase investment and would achieve RMB1 billion with 5 million auto wheels by 2020.
The 5 million auto-wheel project covers an area of 300mu with investment of RMB570 million. The company would become an aluminum alloy auto wheel producer which integrates independent development, design, mould, production and sales as a whole after finishing the project.
The 5 million auto-wheel project covers an area of 300mu with investment of RMB570 million. The company would become an aluminum alloy auto wheel producer which integrates independent development, design, mould, production and sales as a whole after finishing the project.
Aluminum Ingot 99.7%min IW Gongyi
Unit:RMB/mt
China aluminum bar producers' sales to production ratio statistics by province by month
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