SHANGHAI, Nov 27 (SMM) – Shandong Weiqiao Aluminium and Electricity, a subsidiary of China Hongqiao Group, will move 2.03 million mt of capacity in Binzhou of east China’s Shandong province to south China’s Yunnan, according to a notice on the capacity swap by Shandong’s department of industry and information technology on Thursday.
The top aluminum producer seeks to go more environmentally friendly and capitalise on Yunnan's hydropower resources.
Construction of the plant in Yunnan has commenced, and the first 1 million mt of capacity is expected to come on stream at the end of 2020 at the soonest, before the facilities in Binzhou are to be completely demolished.
Shandong Weiqiao has about 6.46 million mt of capacity, with around 5.8 million mt in operation.
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