SHANGHAI, Feb. 11 (SMM) – Zhejiang Yueling Co. will expand the annual capacity of its 800,000-piece-per-year automotive aluminum wheel project to 1 million pieces after relocation and technical upgrade, it said in a statement filed to the Shenzhen Stock Exchange yesterday.
The expansion will cost a total of 160 million yuan ($26 million), and is slated to be completed in one and a half years, it added.
The company specializes in R&D and production of aluminum alloy wheels used in automobiles and motorcycles.
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