16 September 2019

PanAsialum to invest HK$3.78 bln in Henan plant, filing says

PanAsialum Holdings Co. Ltd. (02078.HK) will invest HK$3.78 billion (US$487.47 million) in a new aluminium alloy plant in Nanyang, Henan province, it said in a regulatory filing Tuesday. The company will establish a wholly owned subsidiary to produce and process high-performance and high-precision aluminium alloy electronic parts, high-end construction and industrial products, doors and windows and high-end aluminium extrusion products. In addition, its production facilities in Zengcheng, Guangdong province, will be relocated to the new site, the filing said.

– Contact HKEJ at [email protected]