Zouping fine alumina industry cluster signing ceremony held

Published: Jul 1, 2020 14:08

Source: China Nonferrous Metals Daily

Save

SMM: June 29th, Zouping fine alumina industry cluster signing ceremony was held, marking Zouping in the aluminum industry value chain promotion, factor chain improvement and industrial chain extension has taken a solid step. Cao Yubin, vice mayor of Binzhou City, Zhang Lijiang, deputy director of the Bureau of Commerce, Pi Taitian, secretary of the Zouping Municipal CPC Committee, Mayor Hu Yunjiang, Zhao Dong, executive vice mayor, and Zhao Qian, secretary general of Shandong Aluminum Association, attended the ceremony and witnessed the signing of the contract.

At the ceremony, Cao Yubin spoke, Zhao Dong introduced investment, and Zhao Qian and representatives of investors delivered speeches respectively. A total of 10 projects have been signed, with a total investment of 1.15 billion yuan. after reaching production, the project will achieve 600000 tons of alumina deep processing, an output value of 4.2 billion yuan, and a profit and tax of 500 million yuan. Among them, Weiqiao Aluminium Power has signed contracts with six partners to jointly build projects such as fused white corundum, high temperature alumina, corundum deep processing and activated alumina, so as to further lengthen the industrial chain and improve the added value of products and market competitiveness.

Fine alumina industrial cluster is the high-end gathering area of new material industry created by Zouping municipal party committee and municipal government, and it is the specific action of Weiqiao Venture Group, as the chairman of Shandong Aluminum Association, "willing to suffer losses, actively attracting investment, freeing up cages for birds, and holding groups for development". The group will continue to play a leading role, give strong support to downstream enterprises in the aspects of raw materials, energy, capital and technology, and sincerely protect and help the downstream industrial chain, so that all enterprises in the cluster will maintain strong competitiveness. fully cooperate with the government to build a high-end aluminum industry base in the world.

Scan the QR code and join the SMM metal communication group.

Alumina signing

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

15 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

15 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

15 hours ago