PanAsialum Plans to Build Aluminum Alloy Production Base in Nanyang

(China Aluminum Network) PanAsialum claimed the company has signed investment agreement with Nanyang people's government, this plan divided into two stages with total investment of 3 billion Yuan, will build an aluminum alloy production base at Nanyang opto-electronics industry cluster district.

According to the investment agreement, the first stage will start after local government deliver start notification to subsidiary company. The first stage will go on stream at the end of June 2014 and the second stage will start at the end of June 2017. PanAsialum pointed out Chengdu is the major city of group’s customer resource, the company thought to place new production line near main clients can bring better operation efficiency and cost control.

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