100,000 tons secondary aluminum project launched in Xingyang

100,000 tons secondary aluminum alloy ingot project is officially launched in Xingyang. This project uses aluminum scrap as raw material aimed at producing secondary aluminum alloy ingot. With an overall investment of 0.28 billion yuan as well as 60 million yuan for the first phase, the construction period is expected to be 8 months. After put into production, the project can produce 15,000 tons of aluminum alloy products, bring 0.35 billion yuan of sales income, 16.48 million yuan of taxation and 12.3 million yuan of profits after taxation annually.

It is said that the opening of the project will have a great impact on economic development of the city. 

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