Gongyi Huifeng to acquire secondary aluminum liquid assets
2026-08-05 11:19:13 [Print]
Henan Zhongfu Industrial Co., Ltd. announced that its wholly owned second tier subsidiary, Gongyi Huifeng, will acquire the production capacity quota for a 200,000tpy secondary aluminum liquid project and partial assets of a 100,000tpy sub project from Gongyi Xinge. The transaction value is RMB33.2057 million (USD4.92 million) .
Following the acquisition, Gongyi Huifeng plans to repurpose idle workshop facilities at Zhongfu Aluminum – a wholly owned subsidiary of Zhongfu Industrial – which became available after the transfer of 250,000tpy of primary aluminum capacity. Two projects will be built on these premises: an upgrade and renovation of the acquired assets, and a new 100,000tpy secondary aluminum liquid project. Total additional investment is estimated at approximately RMB174 million (USD25.79 million).
At full production, the two projects are expected to deliver combined average annual net profits of roughly RMB16.31 million (USD2.42 million).
Following the acquisition, Gongyi Huifeng plans to repurpose idle workshop facilities at Zhongfu Aluminum – a wholly owned subsidiary of Zhongfu Industrial – which became available after the transfer of 250,000tpy of primary aluminum capacity. Two projects will be built on these premises: an upgrade and renovation of the acquired assets, and a new 100,000tpy secondary aluminum liquid project. Total additional investment is estimated at approximately RMB174 million (USD25.79 million).
At full production, the two projects are expected to deliver combined average annual net profits of roughly RMB16.31 million (USD2.42 million).
Aluminum Ingot 99.7%min IW Gongyi
Unit:RMB/mt
China primary aluminum producers' operating rate statistics by province by month
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