日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Chalco to buy plants from parent

By Xiao Yu (China Daily)
Updated: 2007-03-13 10:21

Aluminum Corp of China Ltd, or Chalco, the nation's largest maker of the metal, will buy processing plants from its parent to meet the domestic demand forecast of a 20 percent annual growth.

The Beijing-based company will buy the plants from Aluminum Corp of China in the next two to three years, Chairman Xiao Yaqing said yesterday. London aluminum prices may average as much as 7.9 percent higher this year, he said.

Xiao has at least $1.7 billion in cash to fund acquisitions and increase supplies to the Chinese economy, which expanded 10.7 percent last year, the fastest pace in 11 years.

Chalco reported a record full-year profit on Sunday, and Xiao said buying the plants would help maintain higher earnings.

"This may increase Chalco's profit margin and price bargaining power because it will help it control production costs," said Chris Ding, a Beijing-based analyst with China International Capital Corp. "Still, whether profit can increase significantly depends on the size of that capacity."

Shares of Chalco, which gained 22 percent last year, fell by 9 Hong Kong cents, or 1.1 percent, to close at HK$7.90.

"The injection of processing assets is the key to profit growth in two to three years," Xiao said in an interview in Hong Kong. "Chinese aluminum demand is not slowing down" after gaining a record 23 percent last year, he added.

The parent company is aiming to more than double the processing capacity to as much as 2 million metric tons, he said.

Chalco will sell shares in Shanghai later this month or early April to buy into local aluminum companies, Xiao said. It will also buy other local aluminum plants to boost production capacity by 900,000 tons this year, from last year's 2.5 million tons, Xiao said.

Chalco is focusing on buying bauxite mines overseas and acquiring smelters domestically, Xiao said. It has no intention of buying global rivals, he said. Alumina is the semi-finished material refined from bauxite ore and processed to make aluminum.

The company expects to sign an agreement with Australia's Queensland government later this month to obtain mining rights to develop the Aurukun bauxite deposits. Chalco will also complete a feasibility study by August to develop Vietnam's Dak Nong bauxite project and form a joint venture with Vietnam National Coal-Mineral Industries Group.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 亚色视频在线观看 | 欧美亚洲影院 | 免费黄色在线 | 中文字幕在线看片 | 午夜精品一区二区在线观看 | 国产又爽又黄免费视频 | 四虎影院永久网址 | 天天视频入口 | 免费观看亚洲 | 成人免费一级视频 | 国产免费不卡视频 | 亚洲免费在线视频观看 | 一区二区三区有限公司 | 在线中文视频 | 九九九视频在线观看 | 665566综合网 | 成人看片黄a免费看视频 | 国产精品一区二区三区久久 | 亚洲激情av | 日本黄色大片免费看 | 伊人精品一区二区三区 | 在线观看免费黄色片 | 国产福利在线播放 | 中文字幕在线观看网站 | 亚洲骚图 | 成 人 黄 色 片 在线播放 | 国产哺乳奶水91在线播放 | 亚洲一区在线视频观看 | 秋霞影院午夜老牛影院 | 国产精品热久久 | 夜色成人网| 日韩亚洲在线 | 欧美日韩v | 成人精品视频在线 | 欧美日韩在线中文字幕 | 天堂成人av | 精品一区在线 | 久久伊人综合 | 色中文字幕 | 视频大全在线观看网址 | 欧美色图在线视频 |