Deyang Tianhe inks deal for automotive aluminum alloy project in Guangyuan
2024-08-15 15:04:55 [Print]
Deyang Tianhe Machinery Manufacturing Co., Ltd. has reached an investment agreement with the management committee of Guangyuan Economic and Technological Development Zone to develop a 30,000tpa automotive aluminum alloy parts manufacturing project at Shipan Industrial Park, with a total planned investment of RMB1 billion (USD140 million).
When put into operation, the project is expected to achieve annual production value of around RMB950 million (USD133 million), along with tax revenue of RMB20 million (USD2.8 million), and would help create nearly 1,500 jobs.
Deyang Tianhe is engaged in the casting, finish machining and assembling of aluminum alloys, and its main products include aluminum alloy components and parts for NEV chassis.
When put into operation, the project is expected to achieve annual production value of around RMB950 million (USD133 million), along with tax revenue of RMB20 million (USD2.8 million), and would help create nearly 1,500 jobs.
Deyang Tianhe is engaged in the casting, finish machining and assembling of aluminum alloys, and its main products include aluminum alloy components and parts for NEV chassis.
Aluminum Alloy ADC12 Delivered China
Unit:RMB/mt
China secondary aluminum alloy producers' inventory to production ratio statistics by province by month
Unit: %
