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  • Mingmei Technology inks deals for wrought magnesium alloy project in Chaohu

    2024-08-01 16:10:53   [Print]
    On July 26, Henan Mingmei Magnesium Technology Co.Asian Metal Copyright5 billion USD346 million, the project will cover an area of nearly 500Mu 34 hectares and include three phases.Asian Metal Copyright, Ltd.Asian Metal Copyright The first phase will mainly build production lines for alloy casting, semi-solid casting, surface treatment and further processing, the second phase will build production lines for extruding, rolling and heat treating as well as RD center, office building and dormitories, and the third phase will mainly include a biodegradable magnesium alloy plant.Asian Metal Copyright reached a deal to build a wrought magnesium alloy project with production capacity of 50,000 tonnes per annum in Chaohu, Anhui.

    With total investment estimated at RMB2.5 billion (USD346 million), the project will cover an area of nearly 500Mu (34 hectares) and include three phases.Asian Metal CopyrightOn July 26, Henan Mingmei Magnesium Technology Co.Asian Metal Copyright The first phase will mainly build production lines for alloy casting, semi-solid casting, surface treatment and further processing, the second phase will build production lines for extruding, rolling and heat treating as well as R&D center, office building and dormitories, and the third phase will mainly include a biodegradable magnesium alloy plant.

    When fully operational, the project is capable of producing 50,000 tonnes of wrought magnesium alloy annually with sales revenue reaching more than RMB2 billion (USD277 million).

    .Asian Metal CopyrightOn July 26, Henan Mingmei Magnesium Technology CoAsian Metal Copyright
    Magnesium Alloy AZ91D FOB China
    Unit:USD/mt
    Magnesium Alloy AZ91D FOB China USD/mt
    China magnesium alloy producers' suspension number statistics by month
    Unit: pcs
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