China Aluminum Corporation's southeast aluminum processing base was laid on the ground in Mawei, Fuzhou on the 6th. The project plans to produce an annual output of 230,000 tons of high-precision aluminum sheet strips. The main varieties are PS plate base materials, aluminum foil blanks, decorative strips, strips for electronic products, and aluminum for the transportation industry. The total investment of the entire project exceeds 2.7 billion yuan.
It is understood that Chinalco will cooperate with Fujian to build a high-tech, pollution-free discharge of Southeast Aluminum processing base, becoming one of the four major bases for Aluminum Corporation of China in the development of aluminum processing. In December 2004, China Aluminum Corporation established Chinalco Ruisheng Aluminum Strip Co., Ltd. after reorganization of the former Fujian Ruisheng Aluminum Strip Co., Ltd., which mainly produces high-precision aluminum strip, and the products can replace imports and export 30%. Europe and the United States, Southeast Asia and other countries and regions. In 2006, the total production and sales volume of aluminum strips and other products of the company exceeded 80,000 tons, and the aluminum strip production scale entered the top three in the country.
It is reported that the main equipment of the new project has been imported from abroad. With the current production capacity of 120,000 tons of Raychem Aluminum, after the project is put into operation, the overall scale will exceed 350,000 tons, sales revenue will be more than 7 billion yuan, and profits and taxes will exceed 3%. 100 million yuan. Chinalco Ruiqi Company also signed a contract for the introduction of technical equipment for the amount of US$23.8 million with ABB Germany and SMS-Demag. Chinalco expressed its willingness to assist Fujian in advancing the development of downstream aluminum processing industry in terms of raw material protection, technical guidance, personnel training, and project investment cooperation.