Guangxi¡¯s project of 300,000 tons of second aluminum processing was initiated

(China Aluminum Network): Guangxi£¨Xinhua net£©: November 1st, the project of yearly production of 300,000 tons of secondary aluminum processing in Wuzhou city, Guangxi was officially initiated on 30th, October. The project covers an area of 400 acres and it can achieve yearly capacity of  280,000 tons casting aluminum alloy ingot and 20,000 tons of extruded round ingot with total investment of 949,457,700 Yuan.

Chairman of Guangxi Nonferrous Metals Group Co., Ltd Li Tongyang said the project of Wuzhou was one of the major items for Guangxi Nonferrous Metals Group Co.,Ltd to develop nonferrous metals recycling economy. The inauguration played a significant role in further expanding industrial scale and developing recycled metals smelting and processing, which would fill the margin of Guangxi’s second aluminum processing field.

Reporter cited Li Yangtong’s saying that after the completion of the second aluminum-processing project, It would offer more than 1300 positions and it could realize annual sales income of 4.71 billion Yuan, pre-tax profit of 225,896,800 Yuan.

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