Guangxi Xiyue launches aluminum profile processing project in Tianlin
On January 31, Guangxi Xiyue signed an agreement to launch a 100,000-tonne-per-year aluminum profile processing project in Tianlin. With a total investment of around RMB800 million (USD115 million), the project will mainly produce high-end building and industrial aluminum profiles, as well as aluminum products for the new energy sector.
When completed, the facility will have an annual capacity of 100,000 tonnes of aluminum bar and 100,000 tonnes of aluminum profiles, with an expected annual output value of RMB4.4 billion (USD634 million) and annual tax contribution of RMB20 million (USD2.88 million). The project is expected to create local jobs and strengthen the aluminum industry chain in the region.