02 JUNE 2016www.metal.com
Nanshan Aluminum takes another step in extending value chain
Edited by : AL CIRCLE
1 min read
Shandong Nanshan Aluminum Co. has taken another important step in extending its aluminum value chain by acquiring aluminum and power assets and stepping up high-end aluminum applications, Huachuang Securities reported.
Nanshan Aluminum planned earlier to issue shares to acquire Shandong Yili Power Co. This move would expand Nanshan Aluminum’s annual aluminum capacity significantly to 816,000 tonnes and reduce its production costs.
Besides, Nanshan Aluminum has put online 200,000-tpy special aluminum flat-rolling project, which mainly targets aerospace applications and automotive aluminum sheet. The company has realized supply of automotive aluminum sheet in domestic market on a small scale and has begun taking orders for automotive aluminum sheet from customers in North America on a trial basis.
Nanshan Aluminum planned earlier to issue shares to acquire Shandong Yili Power Co. This move would expand Nanshan Aluminum’s annual aluminum capacity significantly to 816,000 tonnes and reduce its production costs.
Besides, Nanshan Aluminum has put online 200,000-tpy special aluminum flat-rolling project, which mainly targets aerospace applications and automotive aluminum sheet. The company has realized supply of automotive aluminum sheet in domestic market on a small scale and has begun taking orders for automotive aluminum sheet from customers in North America on a trial basis.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Grow with
AL Circle
