Lizhong Group Establishes a Third-Tier Wholly Owned Subsidiary in Thailand
[SMM News Flash] According to reports, based on its operational and strategic development needs, Lizhong Group's second-tier wholly owned subsidiary, Hebei New Lizhong Nonferrous Metals Group Co., Ltd., has established a third-tier wholly owned subsidiary in Thailand. The new company in Thailand will mainly engage in the production and sales of cast aluminum alloy ingot/liquid and other businesses. Lizhong Group stated that, as a core automobile manufacturing and export hub in Southeast Asia, Thailand's ongoing electrification transition continues to drive growth in demand for lightweight materials, with significant location and trade advantages. After the project is put into operation, it will further optimize the company's global security system for secondary aluminum raw material, impro