BIZCHINA / Center
Fujian builds aluminum processing base
(Xinhua)
Updated: 2007-06-07 15:17
The construction of a new aluminum processing base began on Wednesday in
eastern Fujian Province, which experts say will reduce the country's
reliance on imports.
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The plant, which belongs to Aluminum Corporation of China (Chinalco) is
situated in Fuzhou, capital of Fujian, and will have an annual capacity
of 350,000 tons of high-precision aluminum plate upon its completion in
2010.
The project will cost 2.7 billion yuan (US$350 million).
"The project is likely to end China's heavy reliance on imports of
aluminium," said Kang Yi, president of the China Nonferrous Metals
Society at the ground-breaking ceremony.
Two months ago, Chinalco, the country's biggest aluminum producer, began
the construction of a large aluminum-processing base in northwestern
Gansu Province.
(For more biz stories, please visit Industry Updates)
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