China Zhongwang to spend big money in buying aluminium extrusion equipment

China Zhongwang Holdings, Asia’s top aluminium extrusion manufacturer, announced that two of its fully-owned subsidiaries will buy 99 sets of aluminium extrusion production equipment.

The purchase will cost a total of 3.13 billion yuan ($470 million), and these two subsidiaries are Panjin Zhongwang Aluminum Industry Co. and Yingkou Zhongwang Aluminum Industry Co.

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