The five international consortiums hand in hand Xialong invests 600 million in aluminum deep-processing projects

Recently, led by Hong Kong Benda Industrial Co., Ltd., Hongkong Youhong International Investment Group, Canada Longchang Industrial Company, Belgium Tiancong Technology Co., Ltd., Iranian China Persian Commercial Purchasing Agency, and Romanian Network Corporation Five Consortiums Holding Hands with Hong Kong Jinlong Development Co., Ltd. Henan Luoyang Xialong Wall Tile Co., Ltd. (hereinafter referred to as Xialong Company) reached an investment intention of investing 600 million yuan to build an aluminum deep-processing project in Luoyang, and participated in the participation of provincial and municipal government departments on January 16, 2007. Signed a contract in Hong Kong. Located in Yichuan County, Luoyang City, Henan Province, Luoyang Xialong Co., Ltd. is the largest wall-tile joint venture built in Henan with a total investment of RMB 120 million in 2003. It can produce medium and high-grade green and environmental-friendly crystal mosaics and 6 million square meters of interior and exterior wall tiles. Meter. The Yugang Electric Power Group in Yichuan County has three power plants and two aluminum plants (abbreviated as “Sandi Aluminum”), and has an annual output of 400,000 tons of electrolytic aluminum. It is the largest aluminum processing enterprise in Henan Province. Investing in the Yichuan deep processing aluminum project in Yichuan has the advantage of saving construction costs by 200 million yuan and reducing processing costs and the relative cheapness of the labor force compared to transporting aluminum ingots to southern cities for further processing. Therefore, the five major international investment consortia have repeatedly inspected and negotiated with each other and reached an agreement on the establishment of a joint venture. According to Yang Xuebin, a supervisor of Luoyang Xialong Company, the two parties have already signed an agreement on cooperation. The project has invested a total of 600 million yuan, of which Xialong company invests 30%, and the five consortiums invest 70%. The project covers a total area of ​​240 Mu, the main processing of aluminum profiles, registered name is "Dragon Luoyang Aluminum Profile Co., Ltd." After the signing of funds in place, one year and a half can be put into production. On December 27th, accompanied by leaders and officials of Luoyang City and Yichuan County Government, the executives and supervisors of the five consortiums paid a field visit to Sanpower-II Aluminum Co., Ltd., a subsidiary of the Henan-Hong Kong Power Group. Yichuan's investment environment is satisfactory and he is very confident in investing in the construction of aluminum profiles. They said that the formal signing will be carried out as scheduled and the project will be promoted as soon as possible and put into production as soon as possible. The five consortiums and Xialong also reached an agreement on sales agents for tile and floor tiles. The five consortiums plan to sell these high-tech products to Southeast Asian countries and regions.

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