Haomei New Materials to Invest $74M in Morocco for Aluminum Extrusion Plant Expansion

Published: Apr 27, 2026 13:53

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Haomei New Materials (002988.SZ) announced that the company plans to use its Hong Kong subsidiary Haomei Aluminum Products as the investment entity to establish a subsidiary in Morocco and build a new aluminum extrusion production site. The total investment of this project will not exceed 510 million yuan in RMB, funded by the company's own and self-raised capital. The project is expected to form an annual capacity of approximately 44,000 mt of aluminum extrusion, producing automotive lightweight, architectural, and industrial aluminum extrusion products. This matter has been approved at the sixth meeting of the company's fifth board of directors and does not require submission to the shareholders' meeting for approval.In the long run, will help enhance the company's operating performance.

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