Aluminum Corp of China plans Malaysia aluminium plant
Aluminum Corp of China Ltd (2600.HK) (601600.SS) reported that the company has entered into a framework agreement to build an aluminium plant with an annual capacity of 330,000 tonnes in Malaysia, with a total estimated investment of $1 billion.
The press release is quoted as saying:
The plant would be controlled by Smelter Asia Sdn Bhd, a joint venture between Chalco and GIIG, a Malaysian company, Chalco said in a statement on Tuesday, adding that it planned to contribute $350 million to $400 million for a 35 to 40 percent equity stake in the joint venture.
Click here to access the entire press release
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Wed, Feb 10, 2010
Post by Mike Rodger, Aluminum Reporter