Shandong Hongqiao

Shandong Weiqiao Pioneering Group and the Yunnan provincial government have commenced work on a green aluminum industrial park in Wenshan prefecture, with an investment of 40 billion yuan ($5.72 billion). The project will create 12,000 jobs and relocate 30% of Shandong Hongqiao's smelting capacity (2.03 million tons annually) from Shandong to Yunnan.