Nanshan Aluminum invested 100 million yuan to set up a wholly-owned subsidiary to expand its business layout into the Yangtze River Delta

On January 5, Nanshan Aluminum announced that it would invest 100 million yuan to set up a wholly-owned subsidiary Nanshan Aluminum (Shanghai) Co., Ltd. (hereinafter referred to as "the subsidiary"). And the subsidiary has obtained the business license issued by Shanghai Putuo District Market Supervision Administration.

The establishment of a wholly-owned subsidiary is fully controlled by Nanshan Aluminium. The business scope of the subsidiary is the sales of high-performance non-ferrous metals and alloy materials, new metal functional materials sales, non-ferrous metal alloy sales and new material technology research and development, services, consulting.

Nanshan Aluminum said in the announcement that the investment to set up a wholly-owned subsidiary is mainly based on the policy and resource advantages of Shanghai as an international trade and financial center to build a high-end manufacturing business sales center with automobile plate, power battery foil, automobile aluminum and aviation materials as the main body to serve high-quality core customers. Take advantage of Shanghai's economic position in the Yangtze River Delta region to expand the company's business layout in East China, deepen its close ties with surrounding industrial clusters, further promote the company's sales business development, and plan to expand warehousing and other peripheral services in the future. improve customer stickiness and effectively enhance the company's market competitiveness and market share.