Jiaozuo Wanfang to acquire 100% stake in Sanmenxia Aluminum
2025-03-04 16:07:30 [Print]
Jiaozuo Wanfang Aluminum Manufacturing Co., Ltd. announced that it plans to acquire a 100% equity interest in Cayman Aluminum (Sanmenxia) Co., Ltd. (Sanmenxia Aluminum) from Hangzhou Jinjiang Group Co., Ltd. and other shareholders. The proposed transaction is anticipated to constitute a material asset reorganization and a restructured listing. The company expects to unveil the full details of its restructuring plan no later than March 17.
Founded in 2003, Sanmenxia Aluminum has a registered capital of RMB3.97 billion (USD545 million) and is mainly engaged nonferrous metal smelting and processing, as well as mining.
Jiaozuo Wanfang has an existing primary aluminum production capacity of 420,000tpa. However, the company remains dependent on outsourced raw materials for production.
Meanwhile, Sanmenxia Aluminum has made significant investments in Henan, Shanxi, Guangxi, and other regions, establishing production facilities that place it at the forefront of the aluminum industry in terms of scale and profitability. Notably, the company is recognized as one of China's top three alumina spot suppliers, with its tradable alumina holding a leading position in the domestic market.
Founded in 2003, Sanmenxia Aluminum has a registered capital of RMB3.97 billion (USD545 million) and is mainly engaged nonferrous metal smelting and processing, as well as mining.
Jiaozuo Wanfang has an existing primary aluminum production capacity of 420,000tpa. However, the company remains dependent on outsourced raw materials for production.
Meanwhile, Sanmenxia Aluminum has made significant investments in Henan, Shanxi, Guangxi, and other regions, establishing production facilities that place it at the forefront of the aluminum industry in terms of scale and profitability. Notably, the company is recognized as one of China's top three alumina spot suppliers, with its tradable alumina holding a leading position in the domestic market.
Alumina 98.5%min EXW China
Unit:RMB/mt
China liquid aluminum producers' number MoM output increase statistics by province by month
Unit: pcs
