China's economic news dispatch (gaojun), the total amount of funds of 105 billion yuan of yingkou city, the biggest overseas acquisition in yingkou nations magnesium industry limited liability company and signed in Canada, EDS company executes the magnesium smelter nola McGonagall, China had just finished the magnesium material supplier's history.

　China is the world's richest countries magnesium resources, but China's most magnesite for refractory materials production, can use magnesite stone for magnesium alloys and processing industry of China is the hope for magnesium industry. The next 15 years is Chinese magnesium metal fastest in the period, the demand by more than 10 percent growth rate.

　According to the current magnesium alloy parts for car use about 3% in 10 years, but will reach 15%. Because of global warming, the pressure of car is a lightweight world major subject, and is generally is world mg auto lightweight metallic best choice.

　After merger, the Chinese side will introduce Canada McGonagall Nora company core technology, engineering and technical personnel, equipment, the establishment in China of 20 tons of magnesium alloys and factories, will fill the blank of magnesium industry in China, China will jump into the world of magnesium industry.

　According to the introduction, magnesium industry project construction site nations in yingkou city coastal industrial base, covers an area of 47 million square meters, including 20 million yuan, the phase of the project will start construction. This project is completed, bond magnesium industry limited liability company plans in liaoning coastal industrial base of yingkou (China) established the mass production and scientific research of magnesium alloys, r&d base.