China Aluminium Network reported that SME Division of Ministry of Industry and Information Technology of the People’s Republic of China studied the small and middle sized enterprises of Nanning city. Vice Mayor, Shi Wenhuai accompanied the group.
Survey group came to Guangxi Southwest Aluminum Company to study the 200,000 tons’ large sized and high performance aluminum alloy plate projects. It is reported that the total investment was CNY 4.82 billion and the construction period is three years. By now, the important equipments have been already ordered. The level will arrive fifth of the world and No.1 of China.
The first stage construction includes large profile extrusion center was started into production in July; melting center was put into production in middle of October; basic and main projects of middle and thick plates plants finished and now is being installed equipments it is planned to make the first plate in 2013; cold rolling center and Nanning Nanche Aluminum Precision project had been started.
It is said that the project aims at fifth generation aluminum alloy; targeting the 80% to 9% imported hard aluminum alloy products in domestic and composite alloy on behalf of the world’s aluminum processing industry trend. The project will be applied in plane, train, automobile, ship etc. It is expected CNY 8 billion of annual sales income and CNY 1.56 billion of annual tax.