Xinjiang Joinworld forms new magnesium subsidiary
2025-03-14 15:07:52 [Print]
Xinjiang Joinworld Co., Ltd. has recently set up a wholly-owned subsidiary, Xinjiang Hongxing Magnesium Industry Co., Ltd. According to public records, the newly-established company, with a registered capital of 10 million yuan (1.38 million US dollars), will focus on non-ferrous metal casting, metal material manufacturing, non-ferrous metal alloy production, and mold manufacturing.
As China's largest producer of high-purity aluminum and electronic aluminum foil for electrolytic capacitors, Xinjiang Joinworld is also among the world's leading R&D and production enterprises in high-purity aluminum, with advanced process technology and product quality that rank at the forefront of the global industry.
The establishment of the new subsidiary marks a strategic expansion into the magnesium industry, further extending Xinjiang Joinworld's presence in the non-ferrous metals sector.
As China's largest producer of high-purity aluminum and electronic aluminum foil for electrolytic capacitors, Xinjiang Joinworld is also among the world's leading R&D and production enterprises in high-purity aluminum, with advanced process technology and product quality that rank at the forefront of the global industry.
The establishment of the new subsidiary marks a strategic expansion into the magnesium industry, further extending Xinjiang Joinworld's presence in the non-ferrous metals sector.
Magnesium Powder 99.9%min EXW China
Unit:RMB/mt
China magnesium powder producers' inventory statistics by province by month
Unit: mt
