Yangzhou Rongtai Aluminum Alloy Precision Die Casting Phase I Project Plant is expected to start construction in August

According to the news released by Jiangdu, Yangzhou Rongtai Aluminum Alloy Precision Die Casting Project is a major industrial project in the province. The total investment of the project is 1 billion yuan. It will be constructed in two phases with a construction period of 2022-2024. From January to May this year, an investment of 98.85 million yuan has been completed, and an investment of 150 million yuan is expected to be realized in the first half of the year. After the completion of the first phase, it can produce 1.1 million aluminum alloy precision die-casting parts of new energy vehicle steering system, transmission system and braking system annually. On December 31 last year, the first phase of the R&D building achieved ‘five certificates issued simultaneously’, and the second floor is currently being laid. It is expected that the main structure will be capped in August this year; the plant is scheduled to start construction in August.