Al-Mg alloy wire project with production capacity of 15,000tpy launched in Guangxi

On August 2, Guangxi Hongxuchuan New-type Metal Functional Materials Co.Asian Metal CopyrightOn August 2, Guangxi Hongxuchuan New-type Metal Functional Materials Co.Asian Metal Copyright, Ltd.Asian Metal CopyrightOn August 2, Guangxi Hongxuchuan New-type Metal Functional Materials Co.Asian Metal Copyright held the launching ceremony for its Al-Mg alloy wire project with an annual production capacity of 15,000t at Pingguo Industrial Zone in Baise, Guangzhou, with the expectation of injecting new energy into the county's economy.

With initial investment of RMB50 million (USD7.09 million), the project is expected to produce 15,000tpy of high-quality Al-Mg alloy wire used for communication when operating at full capacity.Asian Metal Copyright Total annual sales revenue for the project is estimated to be around RMB350 million USD49.Asian Metal Copyright Total annual sales revenue for the project is estimated to be around RMB350 million (USD49.Asian Metal Copyright89 million USD2.Asian Metal Copyright65 million) and gross annual profit is estimate to reach RMB32.Asian Metal Copyright Total annual sales revenue for the project is estimated to be around RMB350 million USD49.Asian Metal Copyright68 million (USD4.Asian Metal Copyright11 million.Asian Metal Copyright64 million), with tax of RMB14.Asian Metal Copyright09 million, the project is expected to produce 15,000tpy of high-quality Al-Mg alloy wire used for communication when operating at full capacity.Asian Metal Copyright89 million (USD2.Asian Metal Copyright89 million USD2.Asian Metal Copyright11 million).

.Asian Metal Copyright held the launching ceremony for its Al-Mg alloy wire project with an annual production capacity of 15,000t at Pingguo Industrial Zone in Baise, Guangzhou, with the expectation of injecting new energy into the county's economyAsian Metal Copyright