04 SEPTEMBER 2013www.malaysiasun.com
Chalco stalls aluminium smelter project in Malaysia
Edited by : AL CIRCLE
1 min read
Aluminum Corp of China (Chalco) , the top producer of the metal in China, has suspended a smelter project in Malaysia worth more than $1 billion, a company spokesman said on Tuesday.
"The project is stalled now," the spokesman told Reuters.
Chalco signed a frame agreement with Malaysian company Gulf International Investment Group Holding in 2010 to jointly build the aluminium smelter in Sarawak using local cheap hydro-power.
The plant was set to have 370,000 tonnes of capacity a year, according to Chalco's website (www.chalco.com.cn).
The agreement had not been proceeded since then because preparation work of the project was not done, the Chalco spokesman said. He did not give details or a timeframe for the suspension.
The smelter in Malaysia had been planned to start production in 2013, local media reported.
"The project is stalled now," the spokesman told Reuters.
Chalco signed a frame agreement with Malaysian company Gulf International Investment Group Holding in 2010 to jointly build the aluminium smelter in Sarawak using local cheap hydro-power.
The plant was set to have 370,000 tonnes of capacity a year, according to Chalco's website (www.chalco.com.cn).
The agreement had not been proceeded since then because preparation work of the project was not done, the Chalco spokesman said. He did not give details or a timeframe for the suspension.
The smelter in Malaysia had been planned to start production in 2013, local media reported.
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