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.
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