On the morning of January 21, Guangxi Laibin High-tech Park Investment Development Co. Ltd., and Guangxi Yiyuteng Aluminum Co., Ltd. held a signing ceremony of investment cooperation contract for Laibin aluminum-based new material industrial park project.

The project will be constructed in two phases with a total investment of 650 million yuan (101 million US dollars) and total land area of about 340mu. The construction is planned to be completed and accepted in 2023. In this investment cooperation, Laibin High-tech Park Investment Development Co. Ltd., as the owner of the project, is responsible for land purchase, plant construction, infrastructure and supporting facilities construction, etc. After the project is completed, Yiyuteng Aluminum Co., Ltd. will lease and use it at the agreed price, and repurchase it within 5 years.