Environmental Review Summary
Project Number
10962
Company Name
Southern Aluminium Industry (China) Co., Ltd.
Date ERS Disclosed
Apr 15, 2003
Country
China
Region
East Asia and the Pacific
Environmental Category
B - Limited
Status
Completed
Previous Events
Approved : May 27, 2003
Signed : Nov 7, 2003
Invested : May 4, 2004
Sector
Aluminum
Industry
other
Department
Regional Industry - MAS Asia & Pac
Project Description
The Southern Aluminum Industry (China) Co. Ltd. (the company or SAIC), an aluminum sheet/coil and foil producer in the Fu Jian Province (southeastern China), was established in 1992. SAIC’s products are used in applications such as food and pharmaceutical packaging, condenser and fit stock, cigarettes and beverage packaging, curtain walls and kitchenware. SAIC exports 15% of its products and sells the remainder in the domestic market. SAIC currently employs 500 people.
The proposed $38 million investment is to expand and modernize SAIC, through the installation of a second-hand aluminum hot rolling mill and ancillary new equipment. The planned hot mill, with a capacity of 60,000 tons per year, would allow SAIC to increase its sheet/coil capacity from 12,000 tons to 50,000 tons, and replace imported foil stock to produce 10,000 tons of foil. The proposed project would enable the company to diversify its product mix as well as to reduce its dependency on imports.
The proposed $38 million investment is to expand and modernize SAIC, through the installation of a second-hand aluminum hot rolling mill and ancillary new equipment. The planned hot mill, with a capacity of 60,000 tons per year, would allow SAIC to increase its sheet/coil capacity from 12,000 tons to 50,000 tons, and replace imported foil stock to produce 10,000 tons of foil. The proposed project would enable the company to diversify its product mix as well as to reduce its dependency on imports.
Environmental and Social
Conclusion & Monitoring
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