16 SEPTEMBER 2011CHINADAILY
Rusal expects substantial jump in China sales
Edited by : AL CIRCLE
1 min read
China's constraints on electricity supplies will help greatly boost United Company Rusal PLC's sales to the country, said a senior company official.
"We expect aluminum exports to China will start to increase substantially next year," said Oleg Mukhamedshin, deputy CEO.
The gap between demand and supply in China will create an opportunity of 4 million tons a year for the company by 2015, he said.
China, the world's largest producer and consumer of aluminum, is currently balanced in terms of aluminum output and use.
Rusal's sales to China grew 15 percent in the first half and will continue to increase over the next decade because of the country's fast urbanization and industrialization, Mukhamedshin said.
"The construction, automobile and aerospace industries in China are expected to be the growth engines for aluminum producers."
"We expect aluminum exports to China will start to increase substantially next year," said Oleg Mukhamedshin, deputy CEO.
The gap between demand and supply in China will create an opportunity of 4 million tons a year for the company by 2015, he said.
China, the world's largest producer and consumer of aluminum, is currently balanced in terms of aluminum output and use.
Rusal's sales to China grew 15 percent in the first half and will continue to increase over the next decade because of the country's fast urbanization and industrialization, Mukhamedshin said.
"The construction, automobile and aerospace industries in China are expected to be the growth engines for aluminum producers."
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