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    Powerway Alloy to invest USD50 million to build production lines in Vietnam

    2020-03-27 16:06:08   [Print]
    Powerway Alloy announced on March 26 that it plans to invest USD50 million of self-raised funds to build a 31,800tpy special alloy bar and wire production line and a 20,000tpy special alloy strip finish product production line, with a 24-month construction period.Asian Metal Copyright The company said the project, which mainly produces nonferrous metal alloy bar, wire and strip finish products for customers in southeastern Asian and other international markets, is conducive to the company's global layout and would help enhance its core competence in international market.Asian Metal Copyright In addition, the company plans to set up a wholly-owned subsidiary named Powerway Alloy (Vietnam) Co.Asian Metal CopyrightPowerway Alloy announced on March 26 that it plans to invest USD50 million of self-raised funds to build a 31,800tpy special alloy bar and wire production line and a 20,000tpy special alloy strip finish product production line, with a 24-month construction period.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright (subject to local registration authority) which will be the project operator.

    The company said the project, which mainly produces nonferrous metal alloy bar, wire and strip finish products for customers in southeastern Asian and other international markets, is conducive to the company's global layout and would help enhance its core competence in international market.

    .Asian Metal Copyright Asian Metal Copyright
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