SHANGHAI, May. 4 (SMM) – Minfa Aluminum Co. raise no more than 613.63 million yuan ($99 million) via private placement to build 400,000 m2/yr aluminum alloy formwork project, it said in a statement.
The project is scheduled to complete construction and enter operations in May this year, it said.
This move will diversify product portfolio of Minfa Aluminum, which is now specialized in construction and industrial aluminum extrusion.
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