Nanshan Aluminum confirms intention of building plant in Indonesia

Under the impact of rising virgin aluminum prices, Nanshan Aluminum announced on October 22 that considering the bauxite export restriction of Indonesia to China, the company intends to build factories in Indonesia to insure supply and is conducting preliminary research. But the feasibility of the project and the content of construction work are yet confirmed. Some foreign media reported that Nanshan Aluminum plans is looking to building a comprehensive aluminum plant with $ 5 billion in Bintan, Indonesia. The plant, to be completed in three years, will produce alumina ingots with local bauxite. The annual production capacity of aluminium oxide will be 2.1 million tons and that of alumina ingots will be 530,000 tons.

The first half of 2013 has witnessed expanding difference between Shanghai aluminum futures and LME Aluminum, which amounted to 310 USD after tax in June, posing great pressure on the profitability of Nanshan's aluminum export. According to the company's interim report, its operating income and net profit in the first half were 7.242 billion yuan and 313 million yuan, down 2.15% and 19.44% respectively. Therefore, the successful implementation of the project, as is believed, will ease the supply problem faced by Nanshan and gradually improve the profitability of its export products. As the company pushes forward its fund-raising project, a 220,000-ton rail transport project, and releases its new productivity, cold rolling and aluminum material will feature the company's future growth.

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