Henan Everyhigh New Material Co (EVH), has confirmed the next phase of its 1 billion yuan ($156 million) investment plans to expand production capacity of coated aluminum coil for making can lids and tabs.
According to the company’s business development plan, in 2021, the company invested about RMB2 billion to build a new factory, a total of two phases of construction. The project covers a total area of 70,000 square meters, and after completion, the project is expected to produce 30 billion easy open ends and coating materials, sales revenue is expected to exceed RMB3 billion, profit and tax around RMB100 million. And EVH plans to employ more than 500 people.
After completion, the project is expected to produce 30 billion easy-open caps and lining materials, and sales revenue is expected to exceed RMB3 billion1. EVH plans to employ more than 500 people.
The main business is the manufacture and supply of aluminum coil for cans and lids. Through technological innovations, capacity and profits have increased considerably and, at the same time, the construction of a factory in the manufacturing development zone of Gongyi City, Henan Province, has reduced the transportation cost of raw materials.
Since its inception, EVH has been committed to creating a global production base for CES and CTS, always adhering to the credo of “All for the customer, All for the people”.
