Invested RMB 1 Billion Automotive Aluminum Wheel Project Settled in Jiangxi Yihuang

It was learned from the Fuzhou Industrial and Information Technology Commission that the automobile aluminum wheel project built by Mr. Lu, a businessman from Zhejiang, invested RMB 1 billion recently officially settled in Yihuang County.

It is understood that the project covers an area of ​​300 acres, a total construction area of ​​100,000 square meters, mainly produces automotive aluminum wheels, aluminum plates, aluminum rods and so on. The project will be constructed in two phases. The first phase of the project will invest 600 million yuan. The construction will be started a few days ago. It is expected to be completed and put into operation in October 2012; the second phase of the project is expected to start in 2014. After the project is completed and put into operation, it is estimated that it can produce 2 million sets of aluminum wheels, 50,000 tons of aluminum plates and aluminum rods annually, achieve a main business income of 1.5 billion yuan, a tax of 30 million yuan, and employ 500 people.