The RMB5.5bn ($821.1M) project is expected to go into production and reach designed capacity by the end of 2013.

The project will be equipped with an imported HR continuous casting and rolling line that is able to directly process liquid aluminium into foil products.

The company expects to generate RMB10bn ($1.5bn) in sales income and about RMB1.5bn/y ($225.8M) in pre-tax profit when fully operational.

Lufeng Xinheng is a joint venture between Shandong Lufeng Group, a company specialising in producing aluminium sheet, strip and foils and Beijing Xinheng Group, alumina trader.

Source China Metals email