Share on Facebook Share on Twitter Email
Answers.com

Aluminum Corporation of China Limited

 
Hoover's Profile:

Aluminum Corporation of China Limited

Home > Library > Business & Finance > Hoover's Profiles
(NYSE:ACH)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Aluminum Corporation of China Limited
No. 62 N Xizhimen St., Haidian District
Beijing 100082, China
Tel. +86-10-8229-8080

Type: Public
On the web: http://www.chinalco.com.cn
 Employees: 107,887
Employee growth: 14.4%

Aluminum Corporation of China Limited (Chinalco) has masterminded its way into mixing alumina and aluminum. Chinalco is the only maker of alumina -- which is refined from bauxite and is the key material in producing aluminum -- in China. The company produces about 10 million tons of alumina products (including alumina, alumina hydrate, and alumina chemicals), which makes it the second-largest maker of alumina in the world. Chinalco also produces more than 3 million tons of primary aluminum annually and 800,000 tons of fabricated aluminum products.

Key numbers for fiscal year ending December, 2008:
Sales: $11,194.3M
One year growth: 7.5%
Net income: $23.1M
Income growth: (98.5%)

Officers:
Chairman and CEO: Xiong Weiping
President and Director: Luo Jianchuan
VP, CFO, and Director: Chen Jihua

Competitors:
Alcoa
Alumina
Rio Tinto Alcan

Search unanswered questions...

Enter a question here...
Search: All sources Community Q&A Reference topics

Wikipedia:

Aluminum Corporation of China Limited

Top
Home > Library > Miscellaneous > Wikipedia
Aluminum Corporation of China Limited
中国铝业
Type Public (SEHK: 2600, NYSE: ACH [1]
Founded Beijing, China (2001 (2001))
Headquarters Beijing,  People's Republic of China
Key people Xiong Weiping (President)
Industry Aluminum
Products Aluminum products, Cooper products [2]
Total assets RMB 377.7 billion (2008)
Owner(s) State Council
Employees 107,887 (2008)[3]
Website www.chalco.com.cn www.chinalco.com

Aluminum Corporation of China Limited, also known as Chalco or Chinalco (SEHK: 2600, NYSE: ACH, SSE: 601600), is the only producer of alumina and the largest producer of primary aluminum in the People's Republic of China.[4] Chalco is a member of the SSE 50. It is the world’s second largest alumina producer and the third largest primary aluminum producer.

Chinalco is principally engaged in the extraction of aluminum oxide, electrolyzation of virgin aluminum and the processing and production of aluminum.

Chinalco operates its business through three segments: aluminum oxide segment, producing and selling aluminum oxide, aluminum hydroxide and gallium; virgin aluminum, providing virgin aluminum, carbon element products and aluminum alloys, and aluminum processing segment, offering casting products, slab band products, foils, squeezing products, forging products, powder products and die-casting products.

Chinalco's gallium products include gallium metal and gallium oxide.

Chinalco also provides remelted aluminum ingots.

Chinalco products are applied in construction, electricity, packaging, transportation, nondurable consumer goods, hard board material, wire and cable, ceramics, refractory material, laundry, petrochemical, and aerospace industries.

History

Aluminum Corporation of China (CHINALCO) is a state-backed holding company established to be the primary aluminium producer in the People's Republic of China in 2001. [5]It is the parent company of Aluminum Corporation of China Limited (CHALCO) which is listed on the New York, Hong Kong and Shanghai stock exchanges.[6]

With effect from 10 June 2008, Chalco was added to the Hang Seng Index Constituent Stock (blue chip).[7]

Chinalco is investing $3 billion to begin open-cast mining operations, within three to four years, in Morococha District, Peru. The company plans to extract copper ore from Mount Toromocho.[8]

Chinalco holds a 9% stake in Australian mining company Rio Tinto.[9] Rio Tinto controls large Iron ore reserves in Australia. On June 5, Rio Tinto broke a deal for Chinalco to purchase a larger stake the company, with support by rival Australian mining company BHP Billiton. Rio Tinto is expected to pay a US$195 million breaking fee according to the contract signed earlier by the two parties.[10]

References

  1. ^ http://www.nyse.com/listed/ach.html
  2. ^ http://www.chinalco.com/chinalco/products/copper/
  3. ^ "Google Finance: Aluminum Corporation of China Limited", accessed August 16, 2009
  4. ^ Official website. Introduction. Accessed May 26, 2006.
  5. ^ http://www.chalco.com.cn/zl/web/chinalco_en_show.jsp?ColumnID=122
  6. ^ http://www.chalco.com.cn/zl/web/chinalco_en_show.jsp?ColumnID=122
  7. ^ HANG SENG INDEXES ANNOUNCES INDEX REVIEW RESULTS
  8. ^ [[John Simpson (journalist)|]], BBC News, Peru's 'copper mountain' in Chinese hands Accessed June 18, 2008
  9. ^ Treanor, Jill (February 1, 2009). "Rio Tinto confirms talks over Chinese cash injection". guardion.co.uk. Guardian News and Media Limited. http://www.guardian.co.uk/business/2009/feb/01/rio-tinto-nears-chinalco-deal. Retrieved April 7, 2009. 
  10. ^ Rio Tinto agrees to pay Chinalco break fee - The Australian
v • d • e

Shanghai Pudong Development Bank · Tianwei Baobian Electric · Wuhan Iron and Steel · Shanghai Pudong International Airport · Beidahuang Agriculture · Hua Xia Bank · China Minsheng Bank · Shanghai International Port (Group) · Baosteel · Sinopec · China Southern Airlines · CITIC Securities · China Merchants Bank · Poly Real Estate · China Unicom · Shanghai Automotive Industry Corporation · Youngor Group · Shanghai Zhenhua Port Machinery · Jiangxi Copper · Shanghai Electric · Kweichow Moutai · Shenergy Company · Liaoning Chengda · GD Power Development · China Yangtze Power · Daqin Railway · China Shenhua · Air China · Industrial Bank · Western Mining · Ping An Insurance · Bank of Communications · Guangshen Railway · China Railway Engineering · Industrial and Commercial Bank of China · China South Locomotive · Aluminium Corporation of China · China Pacific Insurance · China Life Insurance · PetroChina · China COSCO · China Construction Bank · Bank of China · Jinduicheng Molybdenum · China CITIC Bank · Haitong Securities · Bank of Beijing · China Railway Construction · China Coal Energy · Zijin Mining ·
v • d • e
Hong Kong Hang Seng Index companies of Hong Kong
Finance
Utilities
Property
Commercial & Industrial
v • d • e
Hong Kong Hang Seng China Enterprises Index companies of Hong Kong

Tsingtao Brewery · Jiangsu Expressway · Masteel · Shanghai Petrochemical · Angang Steel · Jiangxi Copper · Sinopec · China Railway Engineering · Dongfeng Motor Group · China Communications Services · Zhejiang Expressway · Beijing Capital International Airport · China Telecom · Air China · Petrochina · Huaneng Power · Anhui Conch Cement · China Construction Bank · Datang Power · China CITIC Bank · China Shenhua · Harbin Power Equipment · China Shipping Development · Yanzhou Coal · China Railway Construction · BYD Company · Industrial and Commercial Bank of China · China Communications Construction · China Coal Energy · China COSCO · Ping An Insurance · PICC Property and Casualty Company · Aluminium Corporation of China · China Life Insurance · Shanghai Electric · R&F Properties · China Shipping Container Lines · China Oilfield Services · Zijin Mining · China National Building Material · Bank of Communications · China Merchants Bank · Bank of China · China Molybdenum ·
v • d • e
Hong Kong Hang Seng China 50 Index Constitutent Stocks
A shares/H shares
General
Red chip
Others

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

 
 

 

Copyrights:

Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Aluminum Corporation of China Limited".  Read more

Related answers
» More
 
Answer these
» More