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China is planning to establish a Joint-venture for aluminum recycling
- China Aluminium Network
- Post Time: 2008/3/20
- Click Amount: 533
According to report ,China is planning to establish a joint-venture for aluminum Recycling. the name of the new joint-venture is named CDI Metal Recycling Co., Ltd. CDI Recycling will expand cleaning technology subordinated to China Direct, Inc., which is directed by China. These companies include CDI Wanda New Energy Co., Ltd. and Yantai CDI Wanda Renewable Resources Co., Ltd. China Direct, Inc. will invest 352,000dollar（about RMB25 million）in the form of working capital, and build factories with annual recycling capability of 1,000 metric tons. As predicted, the initial planned output of 1,000 metric tons will be realized in the second quarter of 2008.
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