Nonferrous Metal Engineering Wins 7.18B Yuan Contract From Iran

China Nonferrous Metal Industry’s Foreign Engineering and Construction （000758） won a 7.18 billion yuan engineering/procurement/construction contract on an electrolytic aluminum project from Iran South Aluminum Corporation （SALCO）, reports 163.com, citing a company filing.

Nonferrous Metal Engineering will build an electrolytic aluminum factory with annual capacity of 276,000 tons in Iran, including a carbon anode factory with annual capacity of 150,000 tons. The target contract will be effective when certain preconditions are satisfied.