Shandong Nanshan Aluminum Co. Ltd

Shandong Nanshan Aluminum will invest CNY 1.6 billion ($228 million) to build a new production line for automotive aluminum alloy panel sheets, raising annual capacity to 300,000 tons from 200,000 tons. Construction is expected to conclude in 24 months.

Shandong Nanshan Aluminum Co., Ltd. and French company Figeac Aero signed a cooperation agreement to set up a joint venture, Nanshan Figeac Industry Co., Ltd, to produce aircraft components and parts. The joint venture was planned in March 2018.

Shandong Nanshan Aluminum Co. and France's Figeac Aero SA signed a cooperation agreement on March 10, 2018 to set up a joint venture in China for producing aircraft components. Each will contribute USD 10 million in cash.

Shandong Nanshan Aluminum Co., Ltd. signed a key terms agreement with Figeac Aero on March 10, 2018, to form a joint venture named Nanshan Figeac Aero Aerospace Parts Co., Ltd. The JV, with a registered capital of $20 million (50/50 split), will produce aerospace machined parts such as beams, rails, and stringers.

Shandong Nanshan Aluminum Co. delivered its first batch of aero plates to Boeing, becoming the first Chinese aluminum firm to supply the aerospace giant. The supply agreement was signed in October 2016, and the company became an official supplier in late June 2017.