Recently, a delegation of Canadian Aluminum Corporation led by Christopher Marin, Director of Aerospace and Transportation Industry Project Development and Innovation of Canadian Aluminum Corporation Engineering Materials Group, went to Guangxi for aluminum investment investigation and with the party in Guangxi. The main leaders of the government held talks. The two sides exchanged views on Alcan's investment in Guangxi Aluminum and specific investment projects. This is another visit to Guangxi by Alcan since March and August this year. This means that the strategy of Alcan's investment in increasing China's investment has entered its essence, and Guangxi will become an important base for Alcan's China strategy.
"European" retreats "Asia" signs begin to appear
Alcan is one of the world's top 500 companies. It is also the world's second largest aluminum company in the aluminum industry. It is the second largest aluminum company in the world. From the company's investment signs, the company's overseas investment has focused on Europe and the United States.
Earlier this year, there was news that Alcan lost $ 363 million in the fourth quarter of 2005. The news also said that one of the main reasons for the loss was due to the reduction in the value of packaged assets and the closure of two European smelters.
In this context, there is still news from the recent addition of aluminum. In order to implement its business restructuring strategy and improve the competitiveness of various products, Alcan plans to close its extrusion plant in Work in gton, UK and N or Ton's food packaging plant, in which W o rk in g ton extrusion plant mainly produces hard alloy aluminum extrusion materials for the aviation and transportation industries, plans to close its production will be incorporated into Alcan in Isso ire and M on treu il- France Ju igné's factory. At the beginning of the year, when planning to close another aluminum smelter in Europe, the Swiss Stel Aluminium Smelter, Alcan said clearly that the expiration of electricity contracts and the increase in electricity prices in the Valais area were the main reasons for shutting down the aluminum plant.
Although Alcan has new investment plans in Europe in the near future, such as plans to invest $1.8 billion in the Kithim at smelter in northwestern British Columbia, there are indications that Alcan has begun to increase while stabilizing the European market. Investment outside of Europe. The industry believes that due to production costs and market reasons, the current overall economy is on the rise, driving demand for aluminum, while Asia with rich aluminum resources, will be another focus outside of Alcan's European strategy.
"Aluminum" high-level visits frequently
It is reported that the new CEO of Alcan, Rich a rd E van s, has expressed five views on the future Chinese economy since he took office: First, China will become more moderate in accessing international strategic resources; second, it is dependent. In terms of imported resources, China will adopt a more open attitude; third, the Chinese government will shift its strategic focus to areas with comparative advantages; fourth, Chinese companies will gradually increase their overseas investment in energy and resources; and fifth, the appreciation of the renminbi. And the improvement in living standards will narrow the cost gap with Western countries. E van s believes that the Chinese government has enough knowledge of water supply shortages and environmental pollution, and China will become a major aluminum consumer and producer rather than a major exporter in the future. Alcan hopes to expand cooperation with China.
Based on this point of view, the Alcan leadership has frequently appeared in China this year, covering Beijing, Shanghai, Guangxi and other places, and has contacted the relevant ministries and commissions involved in aluminum investment and development, such as the National Development and Reform Commission.
Focus on building a Guangxi base
Alcan has visited Guangxi several times in March, August and September this year. It has rich advantages in aluminum resources. The proven reserves of bauxite are more than one billion tons. The current annual output of alumina is 930,000 tons and electrolytic aluminum 25 10,000 tons, aluminum processing 130,000 tons. According to the “Eleventh Five-Year Plan†period, Guangxi will accelerate the construction of the aluminum industry. By 2010, it plans to produce 5 million tons of alumina per year.
With 2.5 million tons of electrolytic aluminum and 1 million tons of aluminum processing, Guangxi will become the largest aluminum industrial production base in China and even in Asia. In addition, Guangxi has superior location advantages and convenient transportation. There are expressways and railways directly connected to the port terminals, and the products can be exported to domestic and foreign markets.
Guangxi officials are extremely enthusiastic about Alcan's desire to enter the Guangxi Aluminum Industry. Whether it is Lu Bing, chairman of the Guangxi Zhuang Autonomous Region, or the deputy secretary of the Guangxi Zhuang Autonomous Region Party Committee and the executive vice chairman of the autonomous region, Guo Shengyu, when they met with the delegation of Alcan, they clearly expressed their support for Alcan's project investment in Guangxi, and hoped to pass the project with Alcan. Cooperation, we can produce products with high technology content, high technical starting point and high added value, and make Guangxi a high-tech aluminum product production base to achieve mutual benefit.
According to the reliable news disclosed by the official capital of Nanning, Guangxi, through several negotiations, the relevant departments of Nanning and Alcan intend to establish a joint production line of 110,000 tons of hot-rolled plate in Nanning. The leading product of the project is applied to aviation. High-quality aluminum alloy materials for aerospace, transportation, shipbuilding, machinery and other industries, the project is expected to be officially signed before the end of this year. Christopher Marin, director of development and innovation for the aerospace and transportation industry project of Alcan Engineering Materials Group, said that the Alcan high-precision aluminum strip project will be settled in Nanning, Guangxi, and will be the largest foreign investment in addition to Europe and the United States. project.
Relevant persons believe that with the implementation of the 110,000-ton hot-rolled plate production line project jointly established by Alcan and Nanning, Alcan's China-based strategy based on Guangxi will enter a substantive phase. At the same time, not only Alcan will further increase investment in China's aluminum industry, other international aluminum industry capital will also follow, triggering a new round of investment in China's aluminum industry.
"European" retreats "Asia" signs begin to appear
Alcan is one of the world's top 500 companies. It is also the world's second largest aluminum company in the aluminum industry. It is the second largest aluminum company in the world. From the company's investment signs, the company's overseas investment has focused on Europe and the United States.
Earlier this year, there was news that Alcan lost $ 363 million in the fourth quarter of 2005. The news also said that one of the main reasons for the loss was due to the reduction in the value of packaged assets and the closure of two European smelters.
In this context, there is still news from the recent addition of aluminum. In order to implement its business restructuring strategy and improve the competitiveness of various products, Alcan plans to close its extrusion plant in Work in gton, UK and N or Ton's food packaging plant, in which W o rk in g ton extrusion plant mainly produces hard alloy aluminum extrusion materials for the aviation and transportation industries, plans to close its production will be incorporated into Alcan in Isso ire and M on treu il- France Ju igné's factory. At the beginning of the year, when planning to close another aluminum smelter in Europe, the Swiss Stel Aluminium Smelter, Alcan said clearly that the expiration of electricity contracts and the increase in electricity prices in the Valais area were the main reasons for shutting down the aluminum plant.
Although Alcan has new investment plans in Europe in the near future, such as plans to invest $1.8 billion in the Kithim at smelter in northwestern British Columbia, there are indications that Alcan has begun to increase while stabilizing the European market. Investment outside of Europe. The industry believes that due to production costs and market reasons, the current overall economy is on the rise, driving demand for aluminum, while Asia with rich aluminum resources, will be another focus outside of Alcan's European strategy.
"Aluminum" high-level visits frequently
It is reported that the new CEO of Alcan, Rich a rd E van s, has expressed five views on the future Chinese economy since he took office: First, China will become more moderate in accessing international strategic resources; second, it is dependent. In terms of imported resources, China will adopt a more open attitude; third, the Chinese government will shift its strategic focus to areas with comparative advantages; fourth, Chinese companies will gradually increase their overseas investment in energy and resources; and fifth, the appreciation of the renminbi. And the improvement in living standards will narrow the cost gap with Western countries. E van s believes that the Chinese government has enough knowledge of water supply shortages and environmental pollution, and China will become a major aluminum consumer and producer rather than a major exporter in the future. Alcan hopes to expand cooperation with China.
Based on this point of view, the Alcan leadership has frequently appeared in China this year, covering Beijing, Shanghai, Guangxi and other places, and has contacted the relevant ministries and commissions involved in aluminum investment and development, such as the National Development and Reform Commission.
Focus on building a Guangxi base
Alcan has visited Guangxi several times in March, August and September this year. It has rich advantages in aluminum resources. The proven reserves of bauxite are more than one billion tons. The current annual output of alumina is 930,000 tons and electrolytic aluminum 25 10,000 tons, aluminum processing 130,000 tons. According to the “Eleventh Five-Year Plan†period, Guangxi will accelerate the construction of the aluminum industry. By 2010, it plans to produce 5 million tons of alumina per year.
With 2.5 million tons of electrolytic aluminum and 1 million tons of aluminum processing, Guangxi will become the largest aluminum industrial production base in China and even in Asia. In addition, Guangxi has superior location advantages and convenient transportation. There are expressways and railways directly connected to the port terminals, and the products can be exported to domestic and foreign markets.
Guangxi officials are extremely enthusiastic about Alcan's desire to enter the Guangxi Aluminum Industry. Whether it is Lu Bing, chairman of the Guangxi Zhuang Autonomous Region, or the deputy secretary of the Guangxi Zhuang Autonomous Region Party Committee and the executive vice chairman of the autonomous region, Guo Shengyu, when they met with the delegation of Alcan, they clearly expressed their support for Alcan's project investment in Guangxi, and hoped to pass the project with Alcan. Cooperation, we can produce products with high technology content, high technical starting point and high added value, and make Guangxi a high-tech aluminum product production base to achieve mutual benefit.
According to the reliable news disclosed by the official capital of Nanning, Guangxi, through several negotiations, the relevant departments of Nanning and Alcan intend to establish a joint production line of 110,000 tons of hot-rolled plate in Nanning. The leading product of the project is applied to aviation. High-quality aluminum alloy materials for aerospace, transportation, shipbuilding, machinery and other industries, the project is expected to be officially signed before the end of this year. Christopher Marin, director of development and innovation for the aerospace and transportation industry project of Alcan Engineering Materials Group, said that the Alcan high-precision aluminum strip project will be settled in Nanning, Guangxi, and will be the largest foreign investment in addition to Europe and the United States. project.
Relevant persons believe that with the implementation of the 110,000-ton hot-rolled plate production line project jointly established by Alcan and Nanning, Alcan's China-based strategy based on Guangxi will enter a substantive phase. At the same time, not only Alcan will further increase investment in China's aluminum industry, other international aluminum industry capital will also follow, triggering a new round of investment in China's aluminum industry.
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