Guangxi Tiancheng Aluminum begins production at aluminum alloy wheel project
2023-10-24 11:58:48 [Print]
On October 21, Guangxi Tiancheng Aluminum Co., Ltd. commenced production at its aluminum alloy wheel blank and alloy technical upgrade project located at Qianjiang Industrial Park in Laibin.
With a total investment of RMB557 million (USD76.28 million), the project kicked off construction in May 2022 and the first phase of the project covering 80Mu (5.33 hectares) has already completed. When fully operational, the project is able to produce 5 million pieces per annum of aluminum alloy wheel, with annual production value estimated at RMB2.78 billion (USD381 million), along with tax revenue of RMB65.21 million (USD8.93 million), and is expected to create 350 local jobs.
With a total investment of RMB557 million (USD76.28 million), the project kicked off construction in May 2022 and the first phase of the project covering 80Mu (5.33 hectares) has already completed. When fully operational, the project is able to produce 5 million pieces per annum of aluminum alloy wheel, with annual production value estimated at RMB2.78 billion (USD381 million), along with tax revenue of RMB65.21 million (USD8.93 million), and is expected to create 350 local jobs.
Aluminum Alloy TC A356.2 Delivered China
Unit:RMB/mt
China secondary aluminum alloy producers' sales to production ratio statistics by province by month
Unit: %
