Ceramic Industry News

Alcoa, Chalco Receive Joint Venture Approval

April 27, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
Alcoa Inc. and Chalco have received approval from the China NDRC to proceed with the formation of their proposed joint venture in South China.

Alcoa Inc. and Aluminum Corp. of China Limited (Chalco) have received approval from the China National Development and Reform Commission (NDRC) to proceed with the formation of their proposed joint venture at the Pingguo Aluminum facility in the Guangxi Zhang Autonomous Region in South China. When Alcoa participated as the strategic investor in Chalco's global public offering and listing on the New York Stock Exchange and The Stock Exchange of Hong Kong in December 2001, the parties agreed to form a 50/50 joint venture at Chalco's facility at Pingguo. The facility's current alumina refining capacity is 850,000 metric tons per year (mtpy), and the capacity of the aluminum smelter is 135,000 mtpy. The parties have committed to growth at Pingguo over the next few years. Under the terms of the NDRC approval, these growth projects will be submitted for regulatory approval after formation of the joint venture. Alcoa and Chalco expect to receive final regulatory approvals within China by the end of 2004.

Alcoa's website is located at http://www.alcoa.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px