Chalco starts RMB-4.17 bln projects in GuangxiPosted by tjdetai on July 15th, 2015 Nov. 26, 2010 (China Knowledge) - Aluminum Corp of China Ltd or Chalco<601600><2600> has started construction on three projects with investment totaling RMB 4.17 billion in the Guangxi Zhuang Autonomous Region, according to the State-owned Assets Supervision and Administration Commission. The three projects, which will go into operation at the end of next year, are expected to contribute more than RMB 5 billion in sales revenue and RMB 1.2 billion in industrial value-added output. Upon the overall operation of these projects, Chalco's Guangxi subsidiary will produce a total of 2.5 million tons of alumina, 550,000 tons of electrolytic aluminum and 220,000 tons of iron ore concentrate, bringing its industrial value-added output to more than RMB 10 billion. Chalco is also reportedly to buy into Guangxi Nonferrous Metals Group to help the latter firm to list rare-earth business in the domestic market, and China Nonferrous Metals Mining Group also has intention to invest in Guangxi Nonferrous Metals. Related Tags:aluminum tubing, 7075 aluminum tubing, 6063 aluminum tubing Like it? Share it!More by this author |