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Msg  153 of 160  at  5/30/2008 7:51:58 AM  by

AWAG


New Foil Plant

Chalco to build Asia's biggest aluminum foil production base

May. 30, 2008 (China Knowledge) - Aluminum Corporation of China Co Ltd (Chalco) <601600><2600><ACH> said on Wednesday that it had scheduled to place a double-zero aluminum foil project in Chengdu, according to the source.

As reported, the project, which will be the biggest double-zero aluminum foil base in Asia, would be completed in two phases in Xindu County of Chengdu. The total cost of the investment would be RMB 3.7 billion and the base would have an annual output of 100,000 tons.

The project had been approved by China Development and Reform Commission (CDRC). The first phase of the production base, involved RMB 1.8 billion investment, would have an annual output of 40,000 to 50,000 tons.

In 2007, with the aluminum foil output hit 1 million tons, China imported 60,000 tons and exported 330,000 tons of aluminum foil, taking lead in the global market.
http://tinyurl.com/69lss8



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