Rio Tinto Bid for Alcan, Curve Into Chinese Market

Alcan, who has project in China, was formally incorporated by iron ore giant Tio Tinto. Then, Rio Tinto reached China market. It is known that congregated all of Rio Tinto’s and ALcan’s assets, after the purchase, Rio Tinto has been further enhanced strength. Now, the primary purchase work was done, and went into a final delivery stage. CEO of Rio Alcan said that their strategy is through investment in high-quality, long life, low cost assets to creating value for shareholders, purchase Alcan is on this way. Though Tio TInto has invested item in China, after this purchase, these items will be more. Prior of this, seniors of Alcan said that they plan to invest on Qingtongxia Aluminum Group to gain an extension to the investment status. Recently, Alcan signed a agreement with Dingsheng aluminum company on construct a joint venture factory to produce heat treatment aluminum plate. The seniors of ALcan also visited Guangxi province several times this year, may be Guangxi will be a important produce basement of Alcan.