Yuhua New Material Technology commences trial operation of Mg-alloy bridge plug and high-quality magnesium product project
2020-09-24 17:28:15 [Print]
Recently, Chongqing Yuhua New Material Technology Co., Ltd. commenced trial operation of its soluble Mg-alloy bridge plug and high-quality magnesium product project.
"Phase one of the project consisting of 3,600t Mg-alloy extrusion line and thermal processing equipment has had all equipment installed and went into trial operation early this year. It is expected to have an annual production capacity of 200,000 units of Mg-alloy bridge plug and 6,000t of large- and mid-sized Mg-ally products and sole purchase products," Chairman of the company said.
The soluble Mg-alloy bridge plug and high-quality magnesium product project consists of two phases and has a total planned investment of RMB200 million (USD29.34 million). Phase one project has an investment of RMB60 million (USD8.80 million) and went into construction in August 2019; Phase two project has a planned investment of RMB140 million (USD20.54 million) for constructing production lines on rare-earth Mg intermediate alloys, semi-continuity Mg-alloy rods, die-casting alloy ingots, and military-purpose Mg-alloy casting products, as well as for building bridge plug processing equipment. When the whole project is built, it's expected to reach an annual production value of RMB500 million (USD73.35 million) and contribute an annual taxation of RMB30 million (USD4.40 million).
"Phase one of the project consisting of 3,600t Mg-alloy extrusion line and thermal processing equipment has had all equipment installed and went into trial operation early this year. It is expected to have an annual production capacity of 200,000 units of Mg-alloy bridge plug and 6,000t of large- and mid-sized Mg-ally products and sole purchase products," Chairman of the company said.
The soluble Mg-alloy bridge plug and high-quality magnesium product project consists of two phases and has a total planned investment of RMB200 million (USD29.34 million). Phase one project has an investment of RMB60 million (USD8.80 million) and went into construction in August 2019; Phase two project has a planned investment of RMB140 million (USD20.54 million) for constructing production lines on rare-earth Mg intermediate alloys, semi-continuity Mg-alloy rods, die-casting alloy ingots, and military-purpose Mg-alloy casting products, as well as for building bridge plug processing equipment. When the whole project is built, it's expected to reach an annual production value of RMB500 million (USD73.35 million) and contribute an annual taxation of RMB30 million (USD4.40 million).
Magnesium Alloy AZ91D EXW China
Unit:RMB/mt
China magnesium alloy producers' suspension number statistics by month
Unit: pcs
