Aluminum Casting Industrial Park Launched in Qinhuangdao

The Sinolion Indusrial Park held a grand opening ceremony on Feb. 19. The Opening Ceremony started by the speech and introduction of Sinolion Industrial Park by Tian Chungang, chairman and president of Sinolion Holding. Xv Zuo, General Manager Assistant of CITIC Group, Chairman of Dicastal Group, thought it was a brand new start of a deeper cooperation between Dicastal Group and Sinolion Industrial Group. Their cooperation would have a great influence on the career as the world’s top automobile part supplier.

Sinolion Industrial Park will invest 5 billion RMB, covering an total area of 706,000 m2, The project construction is divided into two phases. The first phase will invest 2.5 billion RMB, covering an area of 297,333 m2. The first key construction projects include: a 3 million high-performance, lightweight aluminum alloy wheel project; an annual output of 20,000 tons of auto lightweight chassis parts project; new energy automobile motor shell project; specialized modification vehicle project; automotive components mould projects; intelligent equipment manufacturing project; and technology research and development building project. After completing the industrial park, the annual income is expected to add 2.6 billion RMB and 3,000 jobs, gain 21.5 million taxes. Then total output value of Sinolion Industry Group will reach 6 billion. As the projects are completed and put into operation, it will further consolidate the Sinolion Industry Group strategic position as the automotive components industry base in China, and will better support the local economic development.