# Zhejiang Kangnuo to build auto wheel and aluminum plant in Holingol

Zhejiang Kangnuo Auto Parts Co., Ltd. signed a project agreement with the municipal government on March 8, 2021, to build a facility producing 2.2 million aluminum wheels and 30,000 tons of aluminum sheet annually, with a total investment of 310 million yuan ($47.74 million).

- Type: New facility
- Announced: 2021-03-08
- Where: Holingol, China
- Value: $47.7M (310.0M CNY)
- Jobs: 700
- Status: announced
- Capacity: 2.2 million aluminum wheels and 30,000 tons of aluminum sheet annually
- Products: aluminum wheels, high-precision aluminum plate and profile
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhejiang Kangnuo Auto Parts Co., Ltd.](https://endata.com/companies/53996.md)

## Sources

- [cnspipes.com](https://www.cnspipes.com/news/zhejiang-kangnuo-launches-automobile-wheel-and-44815902.html), 2021-03-23: "With a total investment of 310 million yuan (47.74 million US dollars), the project will produce 2.2 million aluminum wheels and 30,000 tons of aluminum sheet annually after completion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.