Tianshan Aluminum Industry has been reorganized and renamed and listed on the stock market today!

Published: Oct 28, 2020 12:58
Source: SMM

SMM10: today, Tianshan Aluminum officially reorganized and changed its name to listing (stock code: 002532). In the process of backdoor listing, the listed company New Territories pump Industry spun off the original water pump business and acquired 100% of the shares of Tianshan Aluminum Co., Ltd., eighth Division of Xinjiang production and Construction Corps, resulting in a successful transformation. Formed from upstream bauxite, alumina, power generation, anode carbon to primary aluminum and aluminum deep processing integrated large-scale aluminum industry leading company.

By midday's close, Tianshan Aluminium shares were at 7.27 yuan, up 1.68%.

According to the official website of Tianshan Aluminum Industry, the company's main business is the production and sales of primary aluminum, alumina, high purity aluminum, pre-baked anodes and aluminum deep processing products and materials. Tianshan Aluminum Co., Ltd. responded to the national call to support the Xinjiang production and Construction Corps of Xinjiang enterprises, in August 2010, stationed in Shihezi Economic and technological Development Zone Chemical New Materials Industrial Park. Since its establishment, the company has seized the historical opportunity of opening up and development in Xinjiang, closely relying on Xinjiang's superior coal resources, based on a high starting point, high-tech content, and introducing international advanced management experience and leading technology and equipment. so far, a total investment of more than 30 billion yuan has been completed. At present, the company has become a new growth point to stimulate the industrial economic development of bingtuan, and has made a great contribution to the economic development of Shihezi city of the eighth division of bingtuan.

Tianshan Aluminum Industry has built an annual capacity of 1.2 million tons of primary aluminum production line, supporting the construction of 6 350MW generator sets and an annual capacity of 300000 tons of pre-baked anode production line, and an annual capacity of 50, 000 tons of aluminum deep processing base in Jiangyin, Jiangsu Province. Tianshan Aluminum is building a new production line with an annual output of 2.5 million tons of alumina in Jingxi, Guangxi, a new production line of 500000 tons of prebaked anodes in the national economic development zone of Alar City, Aksu Prefecture, Xinjiang, and a new production line of 60, 000 tons of high-purity aluminum in Shihezi, Xinjiang.

Tianshan Aluminum has significant advantages in power and alumina costs, and takes the lead in the field of environmental protection and high-end product technology. Tianshan Aluminum is a large integrated aluminum group covering the upper and lower reaches of the aluminum industry chain.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
23 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
23 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
23 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
23 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
23 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
23 hours ago