Zhongwang Tianjin Aluminum Rolling Factory Will Put Into Production in 2014

(China Aluminum Network) China Zhongwang (01333.HK) Tianjin High Precision Aluminum Rolling Factory was expected to put into production at the end of 2014, invested RMB 25 billion yuan totally. Company CFO Zhang Liji said most of the investment was used for the purchasing of equipments, which was about 24 billion yuan, the land costed 1.4 billion yuan, the rest will be paid after the arrival of equipments from 2013 to 2014.

Lu Changqing the executive director and vice president of company said the capacity of aluminum rolling products will reach 1800 thousand tons after put into production. When the plant completely finished in 2018 the capacity will reach 3000 thousand tons. In terms of the investment will be paid as internal resources and loan.

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