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.

Related readings:
 Chinalco sees more profit
 Chalco to issue bonds
 Bid to curb overheating in aluminum industry
 
China leads world in nonferrous metals output

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)