Shanghai Huafon Aluminium (SHA:601702) revised its investment plan for a high-end aluminum sheet and foil project, increasing production capacity to 450,000 tons and total investment to 2.62 billion yuan to meet growing demand in the new energy vehicle sector.
The updated plan expands production to include 300,000 tons of hot-rolled aluminum sheets and 150,000 tons of high-end aluminum products for NEVs and other applications, according to a Friday filing with the Shanghai bourse.
The project, located in Chongqing's Fuling District in China, will now cover an additional 500 mu and feature advanced equipment like hot-rolling and cold-rolling mills.
The revised project is expected to achieve a post-tax payback period of 5.4 years.
Shares of Shanghai Huafon Aluminium rose 3% in recent trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。