SHANGHAI, Apr. 21 (SMM) – China Aluminum International Engineering Corporation Limited (CHALIECO) signed a $498-million engineering, procurement and construction (EPC) contract with Venezuelan aluminum producer CVG Venalum.
As the EPC contractor, CHALIECO will work on recovering capacities of 720 aluminium cells, remoulding five valves and four electrolytic series rectifiers, China’s State-owned Assets Supervision and Administration Commission (SASAC) said on its website today.
``This is a big breakthrough for CHALIECO to go into international market,’’ the SASAC said in a statement.
CHALIECO is affiliated to Aluminum Corporation of China (CHINALCO).