Luopu Sijin plans to build 650 million yuan for Suzhou Aluminum Alloy Extrusion Material Project
It is reported that the project is planned to be planned on 395 acres of land in Panyang Industrial Park, Huangpi Town, Xiangcheng District, Suzhou City. The project is divided into two phases. The first phase is a raised capital investment project with an annual output of 50,000 tons of aluminum alloy extrusion. In the second phase of the project, the annual output of 50,000 t projects will be determined based on the profitability of the first phase of the project or changes in the market.
At the same time, the company plans to use the over-raised funds of 60 million yuan to build 60,000 tons of aluminum alloy smelting projects, extending upstream on the basis of the company's existing production chain.
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