Sinyuan ZM signs large automotive Mg-alloy precision parts project
2023-12-01 11:18:25 [Print]
On November 29, Sinyuan ZM signed an agreement with the management committee of Fenghua Economic Development Zone to build a large and high-strength automotive magnesium alloy precision parts production base with capacity of 3 million units per annum.
Total investment for the project, consisting of two phases, reaches RMB1.01 billion (USD141 million), including RMB700 million (USD98 . 08 million) for the first phase.
The company plans to set up a local wholly-owned subsidiary to operate the project.
Total investment for the project, consisting of two phases, reaches RMB1.01 billion (USD141 million), including RMB700 million (USD98 . 08 million) for the first phase.
The company plans to set up a local wholly-owned subsidiary to operate the project.