Wanji holding Group starts the construction of a billet project with an annual output of 120000 tons of double zero foil casting and rolling.

Published: Sep 4, 2020 14:02
Source: China Nonferrous Metals Daily

SMM News: in order to effectively maintain the stability of the industrial chain supply chain in the post-epidemic period and win the initiative of long-term sustainable and high-quality development, on September 1st, Wanji Holdings Group Co., Ltd. (hereinafter referred to as "Wanji Holdings Group") started the construction of an annual production capacity of 120000 tons of high-end double zero foil casting and rolling billet project. As an important part of the industrial chain of "electrolytic aluminum liquid-aluminum casting-rolling coil-aluminum strip-aluminum foil", this project is a concrete practice of Wanji holding Group actively responding to the state's encouragement to increase the deployment of "new infrastructure" and the implementation of "six stability" and "six guarantees". Li Jie, member of the standing Committee of the Xin'an County CPC Committee and executive deputy county magistrate, Xia Ming, deputy director of the standing Committee of the County people's Congress, Jiang Zhiguo, deputy county magistrate, and Guo Feng, general manager of Wanji holding Group, attended the opening ceremony.

In recent years, Wanji holding Group has adhered to the development path of "high-end, terminal, and differentiation", giving full play to the role of its four provincial engineering and technology R & D centers and more than 10 municipal engineering and technology R & D centers. Strengthen cooperation with well-known universities and scientific research institutes to actively develop and produce high-end, sophisticated and high value-added products for high-end deep processing of aluminum alloy. To create the competitive advantage of the whole industry chain and enhance the core competitiveness of enterprises by "making up the upstream at both ends and the middle at both ends". Among them, Luoyang Wanji Aluminum processing Co., Ltd. (hereinafter referred to as "Wanji Aluminum processing Company") has successfully developed and mass-produced double-zero aluminum foil, which is only 0.0055 mm thick and has the advantages of bacteria isolation and anti-oxidation. it is widely used in medicine, food, cosmetic packaging and other fields at home and abroad. At the same time, Wanji holding Group has upgraded the existing cast-rolling production line with an annual output of 30,000 tons and skillfully mastered the production technology of double-zero aluminum foil casting-rolling billet, which can provide Wanji aluminum processing company with billets of stable quality. However, due to the limited production capacity of cast-rolling billet, it can not meet the demand of double-zero aluminum foil billet of Wanji Aluminum processing Company, so it has to be supplemented by outsourcing.

The sudden epidemic, the unexpected contraction of demand and the disruption of the supply chain have had a great impact on the upstream supply chain of Wanji double aluminum foil. In view of the shortcomings and weaknesses exposed in the epidemic, Wanji Holdings Group implemented the new development concept, continued to promote supply-side structural reform, re-examined the enterprise's medium-and long-term development strategy, and decided to invest 450 million yuan. start the construction of an annual production line of 120000 tons of high-end double zero foil cast-rolling strip billet, further open the blocking point and connection break point, improve the quality of the high-precision aluminum plate, strip and foil industry chain, and maintain the security of the double zero aluminum foil billet supply chain. The project is located in the second branch plant of Henan Wanji Aluminum Co., Ltd., covering a total area of 93 mu, 10 casting and rolling production lines are proposed to be built, using electrolytic aluminum liquid as the main raw material to provide high quality billets for the aluminum strip of Wanji Aluminum processing Company. the construction cycle of the project is one year, and the sales income of 1.8 billion yuan and tax of 48 million yuan can be realized in the year after completion and commissioning, which has better economic and social benefits. At present, the preliminary work of the project has been carried out, plant leveling, plane layout, plant equipment process optimization and construction drawing design have been completed, with the conditions to start.

"the annual output of 120000 tons of high-end double zero foil cast-rolling strip billet project is an important measure for Wanji holding Group to extend the chain and achieve high-quality development." Guo Feng said at the opening ceremony that in the next step, Wanji Holdings Group will take the elimination of factor constraints as the starting point to promote the comprehensive recovery and smooth flow of the industrial chain, and promote the reconstruction of the basic industrial chain with the solid chain, supplementary chain, extended chain and strong chain as the starting point; focus on strengthening scientific and technological innovation, promote the modernization level of the industrial chain, and take the supply-side structural reform as the main line to promote the adjustment and optimization of the industrial chain. Take the security and stability of the chain supply chain as the goal to promote the high-quality development of the enterprise.

Silver Industry chain Summit Forum

Seminar on the Application of Silver Market in China

Scan the code to participate in the meeting or apply to join the SMM Precious Metals Industry Exchange Group.

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
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
4 hours ago
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
Read More
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
Geopolitical Tensions Disrupt LPG, Natural Gas Supply to India, Impacting Aluminum Production
[SMM Aluminum Express News] Geopolitical tensions in West Asia have disrupted energy flows through the Strait of Hormuz, tightening LPG and natural gas supply to India. With gas diverted to households, according to the Aluminium Extrusion Manufacturers Association of India industrial supply has been cut by 50–80%, severely impacting energy-intensive aluminum extrusion. Around 25 plants have been shut down while ~200 operate at reduced rates, dragging monthly output from ~70,000 mt to ~45,000 mt. The supply-driven disruption is tightening downstream availability and supporting aluminum product premiums.
4 hours ago
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
5 hours ago
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
Read More
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
SHFE Cast Aluminum Alloy Warrants Drop to 44,991 mt, Down 2,741 mt from Previous Day
[SMM Flash News] SHFE data showed that as of March 23, the total registered volume of cast aluminum alloy warrants was 44,991 mt, down 2,741 mt from the previous trading day. By region, the total registered volume was Shanghai (3,177 mt, down 515 mt), Guangdong (17,467 mt, down 453 mt), Jiangsu (5,022 mt, down 453 mt), Zhejiang (14,155 mt, down 1,079 mt), Chongqing (3,843 mt, down 91 mt), and Sichuan (1,327 mt, down 150 mt). The English translation of the above text is:
5 hours ago
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
5 hours ago
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
Read More
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
Secondary Aluminum Alloy ADC12 Market Weakens, Prices Drop by 200-400 Yuan/mt Amid Bearish Sentiment
[SMM Daily Review of Aluminum Alloy] The secondary aluminum alloy ADC12 market continued to weaken today, with mainstream enterprises generally cutting offers by 200–400 yuan/mt. The weaker prices were mainly dragged down by larger declines in aluminum prices and futures, with the cost center moving lower in tandem. In addition, some enterprises had shown relatively strong bullish sentiment earlier and lagged in the pace of price adjustments, leading to a catch-up decline in the market today. In terms of market sentiment, secondary aluminum enterprises turned cautious and bearish on the short-term aluminum price trend, focusing mainly on active shipments. Demand side, support remained weak, downstream procurement was maintained only for rigid demand, wait-and-see sentiment was strong, and
5 hours ago
Wanji holding Group starts the construction of a billet project with an annual output of 120000 tons of double zero foil casting and rolling. - Shanghai Metals Market (SMM)