Nanshan Aluminum Seeks Acquisition to Extend Industry Chain

SHANGHAI, Jan. 25 (SMM) – Nanshan Aluminum plans to acquire aluminum asset and captive power plant of Shandong Yili Power as parts of its efforts to extend its value chain, the company said in a statement filed to the Shanghai Stock Exchange.

Aluminum supply of Nanshan Aluminum will expand from current 136,000 tonnes to 816,000 tonnes following the transaction, which is estimated at 7 billion yuan, China Securities said. 

Nanshan Aluminum, a vertically integrated company that covers thermal power, alumina, aluminum and aluminum semis, has over 1 million tonnes aluminum processing capacity. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.