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Chinalco aims to sell Guangzhou aluminum plant

Tuesday, Feb 26, 2019

   China’s biggest state-backed aluminium producer Aluminium Corporation of China is seeking buyers for a processing plant in southern city Guangzhou at a floor price of CNY 1.1 billion (USD 163.7 million). The company is restructuring its aluminium business after last year’s takeover of fellow state-run producer Yunnan Aluminium.

  Chinalco did not disclose reasons for the proposed sale but said the plant made a loss of CNY 15.41 million last year.

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