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.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.gjtscc.com). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.gjtscc.com)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.