The world's leading aluminum producer, Russian Aluminum (Rusal) its Chinese partners are working together to build more joint ventures, the production of high value-added aluminum products and green.
Oleg Mukhamedshin deputy CEO of Rusal, said the company in the technology sector aluminum industry has obvious advantages, but also rich in hydropower resources in Russia. While Chinese enterprises in the engineering and other fields have a strong advantage, it can help Rusal at the lowest cost to produce high-end aluminum products.
Rusal in 2010 in Hong Kong Stock Exchange, to develop aluminum, cast aluminum high value-added products to the modernization program, automotive, construction and electronics industries are the company's target market. This is also the first in Chinese companies listed on stock exchanges in Russia.
Mukhamedshin said, through cooperation with each other by means of competitive advantage can reduce energy costs and create better investment opportunities in the global market to develop high-quality projects.
2012, Rusal and China North Industries Corporation in Shenzhen, set up a joint venture in charge of the aluminum business of the Chinese market. A year later, together with China Aluminum (4.79, -0.03, -0.62%) Company (Chalco) research and development of the aluminum industry, new technology, to jointly develop bauxite resources. Since then, the two industry giants will carry out a series of cooperation projects.
Since 2008, the global aluminum market by overcapacity, weak demand double blow. But global aluminum demand in the first half of this year grew by 6.3% to 28.6 million tons, mainly to benefit from the development of the North American and Indian markets.
没有评论:
发表评论