BEIJING, April 1 (Reuters) –
* Aluminium product manufacturer China Zhongwang Holdings will invest 21 billion yuan ($3.13 billion) in a deep-processing plant in Luoyang in central China’s Henan province, the local government-run Luoyang Daily reported on Monday.
* The plant will have annual output capacity of 1 million tonnes of extrusions, including automotive body parts and aluminium furniture initially, and is targeting annual sales revenue of over 41 billion yuan, the newspaper said.
* A spokeswoman for Zhongwang confirmed the planned investment, which she said would come in stages, and production capacity, but said it was too early to give a timeframe for the start of the project. ($1 = 6.7108 Chinese yuan renminbi)
