Ningxia Qingtongxia AL to build FRPs production line

摘要

Nanshan Group, located at Longkou city of Shandong province, on August 12 announced that it had made a decision to set up a joint venture with an Australian firm. The joint venture, named as Shandong Nanshan Light Alloys Co., Ltd, will be responsible for operating an ongoing project of flat rolled aluminum products(FRPs) that was launched by Nanshan Group in 2003. The registered capital of the joint venture is USD841.36 million, 75 percent of which, or 511 million yuan is from Nanshan Group, and the remaining 25 percent, or USD21.034 million, from the Australian company.