Chinalco is restructuring its aluminium processing industryIssuingTime:2004-12-30

On December 19 in the afternoon, chinalco, the establishment ceremony of fujian aluminum belt co., LTD held a grand hot spring hotel in fuzhou in fujian province, fujian province vice provincial governor li, Mr Xiao, general manager, deputy general manager of China aluminum co., LTD paulraj a, lu youqing, attended the ceremony, li, Mr Xiao to chinalco fujian aluminum belt co., LTD.

Aluminum corporation of China is a state-authorized investment management agency and holding company, and is an important state-owned backbone enterprise directly managed by the central government. The company's fixed asset value added value preservation rate, net asset benefit rate and net asset benefit rate have been in the forefront of state-owned enterprises with assets of more than 10 billion yuan. The company's assets are worth more than 100 billion yuan.

Chinalco ruimin aluminum plate and tape co., LTD. (hereinafter referred to as "chinalco ruimin") is a sino-foreign joint venture with registered capital of us $52,600, of which China aluminum corporation accounts for 50% of the total investment. Fujian nanping aluminum industry co., LTD., and Hong Kong huamin (group) co., LTD., wholly-owned subsidiary Millen Limited respectively account for 25% of the total investment. Chinalco's existing assets total 1.1 billion yuan.

Chinalco, fujian formerly known as fujian fujian aluminum belt co., LTD (hereinafter referred to as the "red fujian aluminum belt"), by fujian nanping aluminium co., LTD. With Millen Limited. The joint venture, for the domestic first-class production technology level of high precision aluminum plate production enterprise, has the world's advanced level of six roller CVC cold rolling mill and its corollary equipment. The company since August 1996 formally put into production, always adhere to the "forge ahead, create brand, to meet the user" the quality policy, on the basis of advanced technology and equipment, committed to the aluminum sheet, belt, foil products development and technology improvement. Has been successfully developed to comparable to those of import products high-precision aluminum foil, the main products are aluminum strip, aluminum foil blank, PS plate, curtain wall plate, cable foil and other aluminum and aluminum alloy plate and strip. "Ruimin" brand in the industry has a high reputation and reputation, cold rolled aluminum strip production in the third place in the national industry. In 2004, it is expected to produce 53,000 tons of aluminum strip products, with sales revenue of 950 million yuan, including 15,000 tons of export products.

Chinalco remin has successively passed the certification of ISO9001 (2000) quality system, ISO14001 (1996) environment system and OHSASI18001(1996) occupational health and safety system.

In order to optimize structure, speed up the development of aluminum industry, aluminum corporation of China the transferee held fujian nanping aluminium co., LTD of fujian aluminum plate with a stake in its increase endowment spread, become the first big shareholder rui min aluminum belt. Since signed a letter of intent for cooperation in September this year, in fujian province with the support from the government and provincial authorities, after aluminum corporation of China and fujian nanping aluminium co., LTD., Millen Limited. The joint efforts of efficiently finished, fujian aluminum plate with auditing, assets evaluation, agreement and chinalco fujian formed various approval and registration work.

Chinalco, the establishment of fujian, is another leapfrog development of China aluminum co., LTD manufacture strategic move, to further improve the aluminum industry chain, play the overall function, realize the complementary advantages, enhance core competitiveness and risk resistance ability of the market is of great significance. It is also the beginning of good cooperation in fujian province, which will promote the rapid development of fujian aluminum processing industry.

Li, vice governor of fujian province on behalf of the fujian provincial party committee, the provincial government, thanks to chinalco for trust and support of the eastern fujian province, and said, will, as always, concerned about and support the development of the enterprise, to do strong, do big China and fujian aluminum industry to create a good investment environment. Chinalco xiao yaqing promised in a speech, must to chinalco, fujian was established as an opportunity to give full play to the Chinese aluminum company capital, technology, talent, management, resources, information and other advantages, to speed up the chinalco, the development of fujian, make her a well-equipped, advanced technology, scientific management, good growth aluminum plate with cold-rolled base; Chinalco will with chinalco fujian as a platform, to strengthen economic cooperation of the eastern fujian province, in order to promote the rapid development of society and economy in fujian province and greater contribution to the further prosperity of the people's life.

Wen-hao liu presided over the opening ceremony, deputy secretary-general of the people's government of fujian province, vice President of chinalco zhao-xue sun, assistant general manager of China aluminum co., LTD, chinalco, fujian aluminum co., LTD., chairman of the board of directors hai-yan ding, chinalco, head of the relevant departments and their subordinate units, departments and the leadership of fuzhou in fujian province government, the leadership of the fuzhou economic and technological development zone management committee, fujian province, fujian nanping aluminium co., LTD., China (group) co., LTD and chinalco, fujian some employees also took part in the chinalco, the establishment of fujian and the ceremony.

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