Recently, the Ministry of Industry and Information Technology of Fuzhou announced that an auto aluminum wheel project with a total investment of RMB 1 billion will be located in Yihuang County. The project covers an area of ​​300 acres, a total construction area of ​​100,000 square meters, mainly produces automotive aluminum wheels, aluminum plates, aluminum rods and so on.
According to reports, the project will be constructed in two phases. The first phase of the project will invest 600 million yuan. The construction will be started a few days ago and it is expected to be completed and put into operation in October 2012. The second phase of the project is expected to start in 2014. After the project is completed and put into operation, it is estimated that it can produce 2 million sets of aluminum wheels, 50,000 tons of aluminum plates and aluminum rods annually, achieve a main business income of 1.5 billion yuan, a tax of 30 million yuan, and employ 500 people.
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