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.
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) |