Xuelong Group to set up aluminum-magnesium die casting subsidiary
2025-12-11 16:39:56 [Print]
Xuelong Group Co., Ltd. plans to invest RMB100 million (USD14.16 million) of its own funds to set up a wholly-owned subsidiary, tentatively named "Ningbo Xuelong Aluminum & Magnesium Technology Co., Ltd."
The move extends the company into the die-casting segment, bringing core components in-house to reduce reliance on outsourcing and strengthen its position in commercial vehicle cooling system parts. The subsidiary will also target the broader aluminum and magnesium die-casting market, creating new growth opportunities.
The move extends the company into the die-casting segment, bringing core components in-house to reduce reliance on outsourcing and strengthen its position in commercial vehicle cooling system parts. The subsidiary will also target the broader aluminum and magnesium die-casting market, creating new growth opportunities.
Magnesium Alloy Ingot AZ91D FOB China
Unit:USD/mt
China magnesium alloy producers' number MoM output increase statistics by month
Unit: pcs
