Nanshan Aluminum: The company’s existing automotive sheet production line project has been completed and put into production
Some investors asked Nanshan Aluminum (600219), Hello, Secretary of the Board! What is the investment and project construction period of the company’s automobile lightweight aluminum plate production line project?
The company replied, hello! Thank you for your attention! The company’s existing automotive sheet production line project has been completed and put into production, and product orders have grown rapidly. In April 2021, the production and sales volume of automotive sheet products exceeded 10,000 tons for the first time. Material certification of major global auto OEMs such as OEMs, Weilai, BMW, SAIC-GM, FAW-Volkswagen, GAC New Energy, Ideal, Hyundai, Nissan, etc.
On July 21, 2021, the company deliberated and approved the “Proposal on the Construction of Automobile Lightweight Aluminum Sheet and Strip Production Line Project”, and plans to increase the production capacity of automobile sheets by 200,000 tons with its own funds. The construction period is expected to be 18-30 months. After the completion of the project, the company will rely on its established market advantage to ensure the company’s market share of automotive sheet products, meet the increasing needs of customers, further expand the company’s product first-mover advantage, improve the company’s market competitiveness, and develop more Broad market space improves investor returns.
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