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Chalco to sell US$644m of bonds

(China Daily)
Updated: 2007-02-13 15:06

Production of alumina has accounted for about 60 percent of the company's profit, said Lu, adding that the producer will increase its alumina output by opening new manufacturing facilities.

In 2006 it started two alumina plants, one inChongqingMunicipality and another in Zunyi in Southwest China'sGuizhouProvince. This year it will build another new alumina plant in North China'sShanxiProvince.

Earlier this month Chalco said it had raised the alumina price 50 percent due to surging demand from consuming industries.

The price of the raw material increased to 3,600 yuan per ton.

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