Nanshan Aluminium to add 100,000mt of secondary aluminium alloys capacity through its joint venture with United New Materials. Nanshan will be investing CNY198mn and United New Materials to be investing CNY132mn in a new company Longkou Nanshan Renewable Resources. The total capital investment will be CNY330mn.
The secondary manufacturing company will source its raw material through tank bodies, tank lids, car plate production west, UBCs and aviation material milling scrap. This new venture is in tandem with China’s dual carbon policy goal to reduce carbon emissions. The company plans to adopt a double-chamber furnace process and furnace smelting technology to process its aluminium scrap. Shandong Nanshan Aluminium Co., Ltd. is in Longkou, a port city on the Shandong Peninsula in the Bohai Rim Economic Belt.
The Flat-Rolled Product Division of Nanshan Aluminium is a core business of the Shandong Nanshan Aluminium Company.