Home / Metal News / Shandong Weiqiao Completes Closure of Illegal Aluminum Capacity

Shandong Weiqiao Completes Closure of Illegal Aluminum Capacity

iconAug 14, 2017 16:33
Source:SMM
Shandong Weiqiao Aluminum & Electricity Co. announced that its only shareholder, Shandong Hongqiao New Materials Co. has shut down 2.68 million tonnes of illegal aluminum capacities.

SHANGHAI, Aug. 14 (SMM) –Shandong Weiqiao Aluminum & Electricity Co. (short as “Shandong Weiqiao”) announced that its only shareholder, Shandong Hongqiao New Materials Co. (short as “Shandong Hongqiao”), has shut down 2.68 million tonnes of illegal aluminum capacities that were built and put into operation by Shandong Hongqiao and Shandong Hongqiao’s subsidiaries.  

Where Will Aluminum Prices Head after Hitting Multi-Year Highs? SMM Reports
Those capacities are all newly added capacities by Shandong Weiqiao, Shandong Hongqiao and Shandong Hongqiao’s subsidiaries.

Chinese Aluminum Smelters Reap Huge Profit, SMM Says
All aluminum projects currently in operation at Shandong Weiqiao, Shandong Hongqiao and Shandong Hongqiao’s subsidiaries have been filed in compliance with regulations, Shandong Weiqiao said.   
  
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.

Shandong Weiqiao
Shandong Hongqiao
illegal aluminum capacity

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn