Haimengte Group Acquires Suzhou Meihao to Expand Magnesium Alloy Production Capacity in China

In March this year, the Magnesium alloy leading company Haimengte Group completed the acquisition of Suzhou Meihao Metal Materials Technology Co., Ltd. and established Suzhou Haimaite Special Magnesium Industry Co., Ltd. An executive from Xi'an Hai Magte Magnesium Co., Ltd., a subsidiary of the Hai Magte Group, confirmed this information to Shang Shang Magnesium.

According to Sunlight Times, Haimaite Group is an international company specializing in the production of magnesium alloys. Before 2007, it belonged to the Department of Magnesium of Hydro, and now belongs to Straits Ressources Ltd. . Haimaite is headquartered in Bottrop, Germany. Its subsidiary Xi'an Hai Magte Magnesium Industry Co., Ltd. was established in 2002 and its magnesium alloy production capacity is 20,000 tons. Another production plant in Bottrop, Germany, has a magnesium alloy capacity of 18,000 tons. In addition to producing some standard alloys, Haimaite also produces some special alloys such as: AE44, AJ62, AS31, AM20, etc., mainly for the automotive industry. In addition, the company also produces magnesium alloy sacrificial anodes.

The new Suzhou factory, formerly Suzhou Meiyi Metal Materials Technology Co., Ltd., was established at the end of 2006 with a total investment of 12.5 million U.S. dollars. It is located in the Wujiang Economic and Technological Development Zone in Suzhou and mainly produces AZ91D, AM60B, AM50A, and die-casting magnesium alloys. According to Shang Qing Times, the new Suzhou Magnesium Magnesium Industry Co., Ltd. has a production capacity of 7,000 tons and is expected to reach 10,000 tons soon. This will increase Haimaite Group's magnesium alloy production capacity to 48,000 tons.

According to another company, Magnesium is from Straits Ressources Ltd. According to the information obtained, as a result of the increase in European vehicle production, especially the German auto output reached a record high, Haimaite's magnesium alloy production increased by 12.6% in the first quarter of this year. At present, Xi'an Haimaite is already at full capacity, and German factories have also increased the production of alloys using recycled magnesium.

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