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«Matalco Inc» will build a new plant

Company «Matalco Inc», engaged in the production of Ontario billets of aluminum, plans to build a new production, based on a meltdown in Lordstown (Ohio), the cost of which is estimated at 92 million USD. Construction work on the construction of the plant should start September 17 this year. According to informed sources, the company is willing to publicly announce their plans. Before you opt for the Lordstown and receive confirmation, the company has evaluated and other regions for possible construction — in particular, Indiana, Michigan and Pennsylvania. Annual production capacity of the plant according to preliminary calculations, amount to about 300 million pounds of billet produced from aluminum scrap. This Lordstown board set 75% tax credit on the ten-year period. Company representatives did not comment on the expected dates of commencement of production at the plant. Shipments of aluminum scrap to the plant will produce the company «Triple M Metal's Brampton», as «Matalco Inc» a subsidiary branch «Giampaolo Group».

In 2015, «Henan Xichuan Aluminium Group Co Ltd», a leading Chinese manufacturer of coils and sheets of aluminum, plans to increase capacity for the production of aluminum foil and other products of light metal. The main products of the company is electrolytic aluminum, cold-rolled strip and plate aluminum, cast aluminum products, wide aluminum foil, the PS plates and carbon products. According to statistics provided by the company, the annual volume of produced foils in the last year amounted to 8000 tons, of which 30% was spent on the domestic market, 70% of the production went to export to the United States, Southeast Asia, Australia, Russia, South America and other.

According to sales manager «Henan Xichuan Aluminium Group Co Ltd» company plans to increase the currently existing 10 thousand tons of annual production capacity to 20 million tons, by 2020 the annual production capacity to be increased up to 50 thousand tons. By the end of next year «Henan Xichuan Aluminium Group Co Ltd» implies an increase in production output in monetary terms to two times the performance of last year.

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