SHANGHAI, Feb 25 (SMM) – Luoyang government of Henan province and aluminium extrusion producer Liaoning Zhongwang Group last week signed a contract to construct an aluminium alloy processing project in Yichuan country of Luoyang, according to a news release on the Henan people’s government on Saturday February 23.
With an annualised capacity of 1 million mt, the project will receive an investment of 21 billion yuan from Zhongwang Group. Products include car bodies and parts for passenger and special vehicles.
Annual project revenue is estimated to exceed 40 billion yuan upon full production.
