Midas (01021): New plant planned in Henan will increase aluminum extrusion capacity to 80,000 tons

£¨China Aluminum Network£©Midas (01021) announced that it was negotiating with the third party about building new plant in Henan province. 

The group expects the new plant will boast yearly output of 30,000 tons of aluminum extrusion, which will help aluminum extrusion capacity to rise to 80,000 tons from 50,000 tons early next year. IPO proceeds listed in Hong Kong in October and internal resources will pay the funds needed.

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