Sitong New Metal Material plans to construct USD 72 million aluminium alloy plant

Hebei Sitong New Metal Material announced plans to build RMB 500 million (USD 72 million) facility for the production of aluminium alloys in Jiangsu. The company will also construct an R&D and sales unit in the plant.

Hebei Sitong New Metal Material had already signed an agreement with the Jiangsu municipal government for the construction of the plant, China Knowledge reported.

Hebei Sitong New Metal Material Co., Ltd, founded in 1998, mainly engages in R&D, production and sales of functional intermediate alloy, new materials and aluminium alloy wheel lightweight. The company exports its products to about 40 countries around the world.

The new aluminium alloy plant is part of the company’s effort to take advantage of the growing 5G industry in China. The company expects to begin trial production at the facility in 2020, with full operations in 2021.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.gjtscc.com). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.gjtscc.com)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.