Mingtai Aluminum subsidiary Company has an annual output of 700000 tons of aluminum plate, strip and foil project to start construction.

Published: Jul 19, 2021 15:48
Source: Mingtai aluminum industry

On July 18, Mingtai Aluminum held the launching ceremony of the annual output of 700000 tons of aluminum plate, strip and foil project of Henan Yirui New material Technology Co., Ltd.

Wang Yueju, deputy director of the management committee of Gongyi Industrial agglomeration area and party committee secretary of Huiguo Town, Yang Shaohua, mayor of Huiguo Town, Ma Tingyi, chairman of Mingtai Aluminum, Liu Jie, general manager, and Wang Junwei, head of the project, attended the ceremony.

At the ceremony, Wang Junwei introduced the project. Yirui Xincai aluminum plate, strip and foil project with an annual output of 700000 tons is another bright spot project implemented by Mingtai Company after "1mm 1 Hot Rolling Project", "Electronic material Industry Park Project" and "Mingsheng Superhard material Project". The project aims to build hot rolling production line, three-dimensional intelligent warehouse and automatic cold rolling and foil rolling production line to create a high-tech intelligent chemical plant with digital intelligence integration. We will open up new fields such as military industry, aerospace, transportation, new energy and new materials, and realize the upgrading of products.

At the ceremony, Ma Tingyi thanked the correct party committee and government of the town and the concern and support of all sectors of the community over the years. He stressed that Mingtai Aluminum will continue to follow the development strategy of "hundreds of billions of high-precision aluminum industrial clusters and China's high-precision aluminum capital", march into aerospace, transportation, new energy and other fields, adjust product structure, and improve the status of the industry.

Yang Shaohua extended warm congratulations on the start of the project. He also said that during the golden period of project construction in the province, project construction should be taken as the main focus of economic work, taking the promotion of "three batches" of key projects as an opportunity, making an effort on innovation, increasing production, and increasing efficiency, and making efforts on playing the advantage card. Play a key role in promoting the development of industrial agglomeration areas, reflecting the company's flagship and social responsibility as industrial enterprises. It is hoped that Mingtai Aluminum Industry will seize the opportunity of development, give full play to the "Mingtai spirit", uphold the "Mingtai speed", grasp the key links, do great work quickly, and continue to maintain the industry!

Wang Yueju announced the order to start the project. Henan Yirui New material Technology Co., Ltd. has an annual output of 700000 tons of aluminum plate, strip and foil project officially started!

Liu Jie presided over the ceremony and asked all departments to work together to promote the construction of the project.

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
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
22 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
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.
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
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.
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
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.
22 hours ago
Mingtai Aluminum subsidiary Company has an annual output of 700000 tons of aluminum plate, strip and foil project to start construction. - Shanghai Metals Market (SMM)