Yunnan Aluminum plans to acquire Qujing Aluminum to expand capacity
Yunnan Aluminium Co Ltd., one of China's major aluminium
producing companies, announced that the company has decided to acquire aluminium
manufacturer Qujing Aluminum Co. for 35 million yuan. Qujing Aluminum Co. has a
production capacity of 380,000 tonnes per year.
Yunnan Aluminium will 94.35% stake in Qujing Aluminum Co. The
acquisition will allow the company to expand its total production
capacity to 1.6 million tonnes per year, as reported by SMM.
Yunnan Aluminium Co Ltd. engaged in aluminium smelting as
well as the manufacture and supply of aluminium semi-finished products. The
company announced its production target for aluminium and other products for
the second half of 2017.
Yunnan Aluminum sets a goal to produce 650,000 tonnes of
alumina, 600,000 tonnes of primary aluminium, and 310,000 tonnes of aluminium
processed products in the second half of 2017.
The company posted revenue of 10.11 billion yuan and net
profit of 147 million yuan in the first half of 2017.
German aluminium industry ends H1 2017 on a positive note
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