Shares of Aluminum Corporation of China (Chalco) rallied during the latest trading session after investors responded positively to plans by its parent company to increase its shareholding, alongside improving aluminium market fundamentals. The company's Hong Kong-listed shares gained 6.28 per cent...
Shares of Aluminum Corporation of China (Chalco) rose on Monday after its controlling shareholder, Aluminum Corporation of China (Chinalco), announced plans to increase its stake in the state-owned aluminium producer by up to USD 300 million (CNY 2 billion), reflecting confidence in the company's...
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China’s top aluminium producer, Aluminium Corp. of China Ltd (Chalco) reported a net loss of 4.12 billion yuan ($670.76 million) on Thursday, for the first half of the year. In the same period last year, the net loss was 623.8 million yuan. The losses are caused by overcapacity and weak domestic...
Sapa Chalco Aluminum Products Co., will invest to build a project in Xipeng Industrial Park in Chongqing, to produce 300 underground railway carriages annually, local media reported. The project is expected to start construction during Q3 2014, and to come online in 1H 2015, it added.
Aluminum Corporation of China (CHALCO) said it entered into a joint venture agreement with Hangzhou Jinjiang Group Co., Ltd. to jointly establish Guizhou Huajin Aluminum Co., Ltd. with a registered capital of temporarily amounting to Rmb1 billion. CHALCO and Jinjiang Group will contribute Rmb 600...
Visitors to Rail+Metro China 2014 got a good look at the product offer from SCAP, Sapa's joint venture with Chalco. The exhibition was busy and the time well spent. Sapa Chalco Aluminium Products (SCAP) invited visitors to its stand at the Shanghai New International Expo Center to give them a good...
Jiaozuo Wanfang Aluminum Manufacturing Co., a subsidiary of Aluminum Corporation of China (Chalco), will sell aluminum alloy bar to related parties between July and December, it told Shenzhen Stock Exchange today. Jiaozuo Wanfang Aluminum is expected to sell 1,560 tonnes of aluminum alloy bar with...
Aluminum Corporation of China will invest 57 billion yuan ($9.25 billion) in Shanxi before 2020 to build an advanced aluminum recycling industry base, the company said on its website. In accordance with its cooperation framework agreement with the provincial government of Shanxi, the company will...
Aluminum Corp of China Ltd (Chalco) on Tuesday booked a net loss for the first quarter that was twice as wide as the same period a year earlier, as severe oversupply of the metal pushed down prices. China's largest producer of aluminium, in a filing to the Hong Kong stock exchange, reported a net...
In the first quarter, Chalco posted a loss of CNY 2.2 billion, or roughly $350 million, even though companywide sales increased 3% relative to the same period last year. Before its earnings update, in light of prevailing low aluminum prices, Chalco announced that it intends to shutter 800 thousand...
Aluminum Corp. of China Ltd., the nation’s biggest producer of the lightweight metal, said its first-quarter loss widened as industry overcapacity caused prices to fall. The Beijing-based company posted a loss of 2.2 billion yuan ($352 million), or 0.16 yuan a share, in the three months ended March...
Aluminium Corporation of China (Chalco) plans to reduce its aluminium production by 16% year-on-year to 3.21 million tonnes in 2014, the company said. In 2013, the company produced 3.84 million tonnes, down 9% from output a year earlier. Alumina output is expected to reach 13.02 million tonnes in...
Aluminum Corporation of China (Chalco) expected its instructive output of metallurgic aluminum oxide to be 13.02 million tonnes and the instructive output of alumina to be 3.21 million tonnes in 2014. In accordance with Chalco’s production target for 2014, it intended to raise funds through issue...
Aluminum Corporation of China (Chalco) has announced that it would halt 600,000-tpy of the total capacity of aluminium production and 800,000-tpy of the total alumina capacity as there is a severe overcapacity in the alumunium industry. The company has planned to adopt “flexible production” in...
China Aluminum International Engineering Corporation (Chalieco) on February 21 priced its perpetual securities amounting to US$300 million with a unique structure that helped generate sufficient investor demand. The Reg S deal has an initial distribution rate of 6.875%. The first call date is at...
Aluminum Corp. of China Ltd. posted operating revenue of about CNY 173.04 billion for 2013, up 15.76 percent year on year. Net profit attributable to shareholders was CNY 948 million, ending a loss-making operation. Earnings per share was CNY 0.07. Capacity utilization rate was 79.81 percent. It...
Aluminum Corp of China (Chalco) posted a net profit of 975.2 million yuan (HK$1.2 billion) for last year, reversing an 8.2 billion yuan loss the previous year, mainly due to asset disposals. The firm also cautioned that smelters in the central and eastern regions of the mainland might be squeezed...
China Aluminum International Engineering Corp. (CHALIECO) is planning to sale dollar perpetual bonds as the interest premium investors demand for U.S. currency debt in Asia drops to minimum within a month. CHALIECO, a unit of CHINALCO has engaged Morgan Stanley and CLSA for the task who will...
Aluminum Corporation Of China Limited (Chalco) has issued CNY 3 billion 270-day fixed-rate unsecured bills on interbank market. This is the company's first issuance of super and short-term commercial papers in 2014. Financing will be used to repay bank loans, replenish working capital and lower...
As the New Year ushers in, it is expected that Aluminium Corporation of China (Chalco) will make up for their losses for the last year. With their cost reduction as well as asset optimization efforts, they are making every attempt to earn maximum profits. Recently the company said to Shanghai and...
