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  • APALT to invest in automotive aluminum extrusions project in Northeast China

    2024-11-05 15:59:35   [Print]
    On November 2, Jiangsu Asia-Pacific Light Alloy Technology Co.Asian Metal Copyright11 million, to build the project, which would take five years to complete as scheduled.Asian Metal Copyright, Ltd.Asian Metal Copyright44 million.Asian Metal Copyright (APALT) entered into an investment agreement with the management committee of Shenyang Huishan Economic and Technological Development Zone to build the first phase of an automotive lightweight aluminum extrusions production base project in Northeast China, for a total investment of RMB600 million (USD84.Asian Metal Copyright .Asian Metal Copyright44 million).

    APALT plans to set up a local subsidiary, with a registered capital of RMB150 million (21.11 million), to build the project, which would take five years to complete as scheduled.Asian Metal CopyrightOn November 2, Jiangsu Asia-Pacific Light Alloy Technology Co.Asian Metal Copyright When fully operational, it would be able to produce 50,000 tonnes per annum of automotive lightweight aluminum components and extrusions with an annual production value of RMB1.Asian Metal Copyright11 million, to build the project, which would take five years to complete as scheduled.Asian Metal Copyright2 billion (USD169 million), helping boost the development of auto industry in Northeast China.

    APALT had an annual production capacity of 300,000 tonnes of aluminum extrusions in 2023 and the new project would add capacity of 50,000tpa when in full operation.

    .Asian Metal Copyright2 billion USD169 million, helping boost the development of auto industry in Northeast ChinaAsian Metal Copyright
    Aluminum Alloy ADC12 Delivered China
    Unit:RMB/mt
    Aluminum Alloy ADC12 Delivered China RMB/mt
    China secondary aluminum alloy producers' inventory to production ratio statistics by province by month
    Unit: %
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