Xingfa Aluminum Expects Aluminum Capacity Reach 200,000 tons in 2011

£¨China Aluminum Network£©Listed at HK Stock, Foshan Xingfa Aluminum Co.,Ltd announced that its photoelectric curtain wall technology had upgraded and expansion for green solar applications had achieved breakthrough. It is expected that Xingfa will realize yearly aluminum capacity of 200,000 tons in 2011 with yearly profit over 5.0 billion Yuan.

According to relevant figures disclosed by Xingfa Aluminum Company, its construction aluminum in H1, 2010 increased 16% compared with the same period of last year, but aluminum materials fro green solar products increased 364% sharply compared with the same period of last year. “Honestly, industrial structure upgrading helped open the fast track to profitability”, a person in charge of the company said.

According to another report, in the last third of the month, extrusion plant, powder coating plant of Xingfa Aluminum (Chengdu) Co.,Ltd will start trial production and put into operation officially in January 2011. The extrusion plant and powder coating plant can achieve yearly capacity of 50,000 tons of high-grade composite aluminum. Meanwhile, the capacity expansion plan of the company’s Sanshui production base has been in place. It is expected about 1.5% production cost will be saved in 2011; aluminum capacity can reach 200,000 tons and yearly profit will be more than 5.0 billion Yuan. Total aluminum capacity of Xingfa Aluminum Co.,Ltd will expand to 450,000 tons.

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