15 SEPTEMBER 2011China Aluminium Network
Alcoa, CPI Announce Letter of Intent to Develop Joint Venture Producing High End Aluminum Products
Edited by : AL CIRCLE
1 min read
Alcoa and the China Power Investment Corporation (CPI) have signed a Letter of Intent that marks an important step in the evolution of the two companies' partnership, Alcoa announced today.
The letter provides a framework for a completed joint venture, which will focus on producing high-end fabricated aluminum products in China and leverage Alcoa and CPI's existing capabilities. The new joint venture's world-class facilities will be well positioned to capture growth in the Chinese automotive, aerospace, packaging and consumer electronics markets.
The two companies signed a Memorandum of Understanding for cooperation on projects in China and around the world during Chinese President Hu's state visit to Washington, DC, earlier this year.
The letter provides a framework for a completed joint venture, which will focus on producing high-end fabricated aluminum products in China and leverage Alcoa and CPI's existing capabilities. The new joint venture's world-class facilities will be well positioned to capture growth in the Chinese automotive, aerospace, packaging and consumer electronics markets.
The two companies signed a Memorandum of Understanding for cooperation on projects in China and around the world during Chinese President Hu's state visit to Washington, DC, earlier this year.
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