Huacheng Industry Annually Produces 8 Million Magnesium Alloy Automobile Wheel Projects

On September 27, 2010, Ningxia Huacheng Industry Group officially signed an annual output of 8 million magnesium alloy wheels and auto parts projects at the 2010 Nanjing-China Friendship Fair and the first China-Arab Economic and Trade Forum, marking that Ningxia Huacheng Industrial Group has become a company. Sets mining, magnesium alloy profiles and finished product production as one of the science and technology private enterprises.

Ningxia Huacheng Industrial Group is currently building a large-scale group company with magnesium alloy as its leader and a diversified product structure. Ningxia Huamao Special Magnesium Alloy Manufacturing Co., Ltd. is a technology-based industrial company controlled by Huacheng Group to manufacture magnesium alloy products. In Jinchuan District Industrial Park, Yinchuan City, plans to invest 3 billion yuan, covering an area of ​​680 acres, to build an annual output of 8 million high-magnesium alloy wheel hub products and auto parts projects. After the project is completed and put into production, the annual output value will reach 4.8 billion yuan, and the annual profit and tax will be 1.5 billion yuan, which will drive 5,000 jobs.