Miluo Huaxiao Aluminium, a key project in Miluo city is expected to be completed by the end of 2020, according to Chinese local media.
The plant will have an annual capacity of producing 100,000mt of aluminum alloy ingots and is located in the Miluo Circular Economy Industrial Park.
The output value of the aluminum ingots is expected to reach CNY500mn ($72.46mn). Construction of the plant is likely to be completed by the end of October and the equipment installment by November end. The project entails an investment of CNY3.16bn with 7 of the 11 projects in the park to start production by the end of 2020.