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South Korea’s Hanil Plans to Buy Aluminum Can-Making Machinery from China’s SLAC
Xu Wei
DATE:  Jun 16 2021
/ SOURCE:  Yicai
South Korea’s Hanil Plans to Buy Aluminum Can-Making Machinery from China’s SLAC South Korea’s Hanil Plans to Buy Aluminum Can-Making Machinery from China’s SLAC

(Yicai Global) June 16 -- Hanil Can, the biggest metal can manufacturer in South Korea, is preparing to purchase a production line worth about CNY340 million (USD53 million) from Chinese easy-open can machinery maker Suzhou SLAC Precision Equipment.

The Yangsan-based firm has made a USD5 million earnest payment, indicating its good intentions, SLAC said. The two parties have signed a non-binding agreement and there remain a number of uncertainties that have yet to be determined.

Hanil, which runs three production bases for cans, easy-pull lids and various other packaging products in South Korea, is in good financial standing and will be able to fulfil the contract, SLAC said.

Suzhou, eastern Jiangsu province-based SLAC mostly develops, makes, assembles and debugs complete sets of high-speed easy-pull lids, can manufacturing equipment, image detection systems and related precision molds and spare parts.

SLAC's share price [SHE:300382] closed down 0.68 percent at CNY11.63 (USD1.82) today.

Editor: Kim Taylor

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Keywords:   Suzhou SLAC Precision Equipment Co.,Hanil Can Company,South Korean