Xinfa Aluminium to invest 1 billion on Jiangxi ore

Recently, Xinfa Aluminium posts an announcement, it notes that the company will invest on a alumiinium profiles production project in Yichun Economic Development Zone, Jiangxi. The total inveatment will reach 1billion,and after eatablishment, the designed aluminium production capicity will no less than 50000tons annually.

The announcement also claims that the open tender process is totally subject to the Stock Exchange Listing Rules. the company
plans to buy a 600 acres land, which is used to develop this project.

At present, the Xinfa Aluminium is moving to the new base in Sanshui, Foshan city, it is expected that till 2010, the aluminium profiles annual producton capicity will achieve 150000tons, in addition to the this project, in 2014, the aluminium profile project in Sichuan will be accomplished. So, in the year 2014, the total production capicity of Xifa Aluminium will reach 300000 tons.  

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