Holingol City of Inner Mongolia has officially signed MoU with Jiangsu Shengquan Special Alloy Materials Co. for the building of the new special aluminum alloy smelters with approx. 500,000 ton annual capacity. With total investment around CNY 5 billion (US$ 820 Million), the smelters will produce flat rolled aluminum, aluminum extrusion, as well as aluminum insulation panel. The smelters are expected to deliver 1,000 jobs for the city and CNY 8 billion (US$ 1.3 billion) annual turnover.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66994&division=A9
