Sapa's plant deal

Date:2011-09-23qulina  Text Size:

SWEDEN'S Sapa Group, an aluminum maker, yesterday signed an agreement with China's Jiangyin (Haihong) Non-Ferrous Materials Co to acquire its aluminum extrusion plant in Jiangyin, Jiangsu Province.

The facility is capable of producing 60,000 tons of products a year and is one of the largest extrusion operations in the Yangtze River Delta region, Sapa said yesterday, without disclosing the deal value.

The agreement needs government approval.

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