Shenlong Baoding New Materials Co., Ltd. held a groundbreaking ceremony on Dec. 6 for its new aluminum fabrication project. The company will invest a total of 3.6 billion yuan ($545 million) to build a fabrication complex with an annual output of 105,000 tons of light gauge aluminum foil and high-grade aluminum foil for medical packaging. The products will mainly target the high-end markets of Europe and the United States.
Located in Shangqiu City, Henan Province, Shenlong Baoding New Material Co., Ltd. is one of three subsidiaries of Shenhuo Group specialized in aluminum fabrication. Shenhuo Group has been expanding its reach to downstream and high-end markets and has owned a total annual capacity of 80,000 tons of cast-rolled products, 72,000 tons of cold-rolled products, and 25,000 tons of light gauge aluminum foil, in addition to its upstream business.