Nanshan plans 100,000-tpy joint-venture aluminium alloy project

Nanshan Aluminum, which is listed on the Shanghai Stock Exchange, plans to expand its aluminium recycling business by creating a new joint company with Singapore’s United New Material Technology Investment, it announced on the SSE website on Tuesday August 3.

The new joint company will focus on aluminium scrap recycling and processing, with recycled material feeding a new aluminium alloy project with capacity for 100,000 tonnes per year. Nanshan will invest 198 million yuan ($31 million) from its own funds, equivalent to 60% of the new company’s total registered capital of 330 million...

Published

Hui Li

August 03, 2021

12:47 GMT

Shanghai