Guangxi Aluminum Giant Made Investment in Changfeng

A aluminum processing and supporting project(450,000 tons) of Hefei Guangyin Aluminum Company kicked off in Xiatang Town of Changfeng County recently. It is a project jointly invested by Guangxi Investment Group and Guangxi Baise Guangyin Aluminum in Xiatang Town of Changfeng County.

As one of top 500 companies of China,Guangxi Investment Group Co., Ltd. not only takes part in 40-plus key projects in the fields of energy, transportation, nonferrous metals,chemical engineering and light industry, etc.,but also actively carries out financing business in securities and capital markets. Relying on abundant hydropower resources and alumina resources of Baise, Guangxi Baise Guangyin Aluminum Co., Ltd. specializes in aluminum product development and manufacturing. It is a holding company jointly established by Guangxi Investment Group Co., Ltd. and Guangdong Guangya Aluminum Co., Ltd., with the latter being one of the top 100 aluminum company of China.

With a total construction period of 3 years, the project will be carried out by stages on the basis of investment intensity. According to the plan, RMB 3 billion will be invested during the initial phase to build aluminum processing &production lines and supporting projects with annual output of 200,000 tons. The project(phase 1) will be completed and put into operation within 12 months and is expected to achieve more than RMB 10 billions of industrial output and more than RMB 0.3 billion of tax annually after reaching all of the production targets.