Hebei Sitong to build CNY 540 million aluminum wheel plant in Baotou, Inner Mongolia

Hebei Sitong New Metal Material plans to invest CNY 540 million (USD 76.8 million) to build a new factory in Baotou, Inner Mongolia, for commercial vehicle wheels and rare-earth aluminum alloys. The project includes a 50,000-ton rare-earth aluminum alloy line and a 600,000-unit wheel assembly line.

“The first phase of the rare earth aluminum alloy project is slated to produce 20,000 tons a year and will be completed and put into operation in the second half of 2021.”yicaiglobal.com

• 1 source
• yicaiglobal.comHebei Sitong to Build USD76.8 Million Aluminum Wheel Plant in China's Inner MongoliaTang ShihuaNov 29, 2019

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