Two aluminum projects break ground in Xinshao, China

Xinshao, a county in China's Hunan province, held the groundbreaking and completion ceremony for six major projects with total investment of RMB1.Asian Metal Copyright With an investment of RMB56 million USD7.Asian Metal Copyright09 billion (USD151 million) on February 18. 

Projects that kicked off construction includes Hongteng Aluminum's 150,000tpa secondary aluminum project with an investment of RMB118 million (USD16.39 million).Asian Metal Copyright Another aluminum related project broke ground that day is Hongyuan Metal's 50,000tpa aluminum ash recycling project.Asian Metal Copyright The project has an annual production capacity of 100,000t of secondary aluminum bar and 50,000t of aluminum profiles and is expected to add annual operating revenue of RMB1 billion (USD139 million) along with tax revenue of RMB80 million (USD11.Asian Metal CopyrightXinshao, a county in China's Hunan province, held the groundbreaking and completion ceremony for six major projects with total investment of RMB1.Asian Metal Copyright11 million).

Another aluminum related project broke ground that day is Hongyuan Metal's 50,000tpa aluminum ash recycling project. With an investment of RMB56 million (USD7.Asian Metal Copyright .Asian Metal Copyright78 million), the project would process 50,000t of aluminum ash per annum and is expected to add annual operating revenue of RMB100 million (USD13.Asian Metal CopyrightXinshao, a county in China's Hunan province, held the groundbreaking and completion ceremony for six major projects with total investment of RMB1.Asian Metal Copyright89 million) and generate tax revenue of RMB5 million (USD694,625) per year.

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