Aluminum hub project with annual production of 2 million is contracted officially in Baoding.

Recently, Inner Mongolia Huo Coal Limited unites Tianjin Lizhong Wheel Limited to co-build 2 million Aluminum hub project with an overall investment of 260 million yuan, which is divided into two stages. The first stage is expected to invest 160 million yuan and produce 1 million. The project is said to bring production value of 480 million yuan, profits and tax of 50 million yuan. Hebei Lizhong Limited, specialized in casting aluminum alloy manufacturing & sales for auto industry, is the first listed company in the industry of auto aluminum alloy hub manufacturing, which integrates science, industry and trade. Till the end of 2006, it achieves total capital of 1.1 billion yuan and sales income of 2.7 billion yuan. The company has over 1300 employees including 300 engineers and technicians.

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