Chongqing - Bosai Group, a mining company in Chongqing, Southwest China, has partnered with Wanzhou District to implement two major projects worth 11.5 billion yuan (about 1.61 billion U.S. dollars).
The projects involve upgrading alumina production and integrating ferrochrome and electric power. Completing these projects is anticipated to result in an annual output value of 18 billion yuan, annual tax contributions of 800 million yuan, and the creation of 1,300 job opportunities.
Wanzhou District in northeastern Chongqing has become one of the major ports along the Yangtze River and has emerged as a regional hub of water, rail, road, and air transportation with the construction of deepwater berths, rail lines, express highways, and an airport.
Since its establishment in 1994, Bosai Group has expanded its operations across multiple regions, including Chongqing and Sichuan in China, Guyana in South America, Ghana in Africa, and Germany in Europe.
With over 300 million metric tons of bauxite reserves and over 30 million metric tons of manganese ore, the company's products are successfully sold in more than 30 countries spanning Europe, America, and Asia.
Bosai Group partnered with Wanzhou District to implement two major projects worth 11.5 billion yuan on June 18. (Photo/Chongqing Daily)
In January 2020, Bosai Group invested 7.5 billion yuan in Wanzhou District for an aluminum materials project. After its completion and production last year, the project generated nearly 10 billion yuan in output value within a year, making it the most significant industrial investment project in Wanzhou District in recent years.
This time, Bosai Group has made another investment in Wanzhou District to capitalize on its advantageous location along the Yangtze River Golden Waterway. The goal is to transport overseas mineral resources back to Wanzhou using river-sea intermodal transportation.
This initiative aims to boost the scale and intelligence of the real economy while establishing a world-class advanced manufacturing base for aluminum, manganese, and chromium materials. Bosai Group is actively driving the development of a green, low-carbon, and circular economy industrial cluster.
Statistics show that upon the completion of Bosai Group's projects in Wanzhou, the total investment will exceed 20 billion yuan, with an output value surpassing 30 billion yuan.
This will create job opportunities for nearly 10,000 individuals, fostering the growth of the chemical industry, ports, logistics, and trade in Wanzhou and its neighboring regions. Undoubtedly, Wanzhou will become the primary investment destination and physical base for the Bosai Group.
In addition to Wanzhou District's robust transportation infrastructure, the favorable business environment is also a significant factor for Bosai Group. The company's head said that addressing enterprise concerns has reinforced their confidence and commitment to contributing to the local economic development in Wanzhou.