On April 13, the main factory building of the Luoyang Longquan high-precision aluminum strip project in Luoyang commenced construction.
This project is a short-flow processing project for aluminum strip produced by three hot strip mills.
The total investment of the project is 2.95 billion yuan, with an annual output of 250,000 tons of high-precision aluminum strip. The construction of the main plant was completed in October 2009. Equipment was installed in January 2010, and trial operation was conducted in June. The project was completed and put into production in December. After the project is put into production, it is expected to have an annual sales income of 5.2 billion yuan and an annual profit and tax of 600 million yuan.
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