Zhongmei Honghai to build magnesium and alloy wheel project in Zhungeer Banner
2025-07-25 13:52:31 [Print]
On July 21, Zhongmei Honghai (Yangzhou) Technology Co
With a total investment of RMB6.6 billion (USD921 million), the project will be developed in phases for annual production capacities of 100,000 tonnes of primary magnesium, magnesium alloy wheels, and 10 million forged wheels.
. , Ltd . signed an investment agreement with the government of Zhungeer Banner and Zhungeer Economic Development Zone for a magnesium smelting and magnesium alloy wheel project. With a total investment of RMB6.6 billion (USD921 million), the project will be developed in phases for annual production capacities of 100,000 tonnes of primary magnesium, magnesium alloy wheels, and 10 million forged wheels.