A RMB 3.5-Billion Pinglv Project Settled In Guigang City

On March, Guigang City signed a formal investment agreement with Guangxi Pinglv Group Co., Ltd. ("Pinglv") in Pingguo, known as a County of Aluminum in China. Pinglv's Chairman Xie Zhiqiang, and Head of Qintang District, Guigang City Zhang Jinglian signed the agreement on behalf of the two sides.

The project, located in the Guigang Industrial Park (Shika Park), covers an area of about 450 mu (1 mu is approximately 667 square meters) with a planned investment from Pinglv, a top 100 enterprise in Guangxi. The project will purchase machinery and equipment and mainly build a production workshop, a warehouse, an office building and supporting facilities. The construction period is about 6 months. After it is completed and reaches its designed capacity, the project will produce 5 million square meters of aluminum film plates and 100,000 aluminum carriages every year with an annual output of RMB 10 billion. The project is expected to pay annual taxes of more than RMB 600 million.