Russia's Vi Holding Group will start the second phase of a high-precision aluminum alloy rolled product production plant in the Yulian Innovative Industrial Park. The opening ceremony of the second phase of the aluminum alloy rolled product production plant will be held in Gongyi City, Henan Province on November 3, when the Minister of Industry and Trade of Russia, Denis Manturov, will attend the ceremony.
Vitaly Machinski, President of Vi Holding Group, said: "After the project is implemented, the production of high-precision aluminum alloy rolled products will be invested in aerospace, automotive, shipbuilding, food industry and other areas of the Chinese economy run."
Vi Holding Group is the controlling shareholder of the Russian-Chinese Yulian Innovative Industrial Park Project. Its technology chain covers all production links, from coal mining, power generation, production of roasted anodes and electrolytic aluminum, alloy manufacturing to deep processing of primary aluminum and making high-tech products. This is Russia's largest personal investment in the Chinese economy (about $ 3.5 billion).
Vi Holding Group is a Russian-owned international industrial investment group. The Group owns and manages assets in different industries, invests in mineral resource exploration, mining, and processing projects, builds and develops integrated facilities in the smelting and energy industries, conducts real estate development and operations, and invests in innovative scientific research. The total assets of the Vi Holding group of companies are over $ 6 billion. The total number of employees of each group company is about 30,000.