China Hongqiao Group Limited

Hongqiao Says Operations Are Normal After Typhoon Lekima’s Devestation Of Shandong

Hongqiao Says Operations Are Normal After Typhoon Lekima’s Devestation Of Shandong

World leading aluminium producer China Hongqiao Group said yesterday that its facilities are operating as normal in the wake of Typhoon Lekima, apparently contradicting statements made earlier in the week. “The facilities are not damaged by the typhoon. There was flooding outside...

Events

Beijing Blasts Shandong Government For Failures In Limiting Runaway Aluminium Capacity

Citing an ongoing failure to rein in aluminium overproduction and the associated use of coal to fire said production, the People’s Republic of China’s Ministry of Ecology and Environment eviscerated local officials in Shandong province for their ongoing failure to enforce environmental policies designed to battle the country’s continuing air-quality problems. Shandong is the home […]

Hongqiao Set To Restart Closed Aluminium Smelting Capacity With More Efficient New Capacity

A pair of sources claiming knowledge of the situation informed Reuters on Thursday that China Hongqiao Group will restart a portion of the illegal aluminium-smelting capacity it shuttered in 2017. Per the sources, the move will essentially consist of replacing outdated production lines with more state-of-the-art capacity. Among the planned replacement technology is a high-performance […]

Hongqiao Bottom Line Saved By Surge In Alumina Sales In 2018

Twice the volume of alumina sales in 2018’s latter half helped offset a drop in aluminium production and prices, balancing out China Hongqiao Group’s net profit in the period. In a filing released late last week, Hongqiao reported a full-year net income of CNY5.41 billion (US$805.97 million), off by 0.9 percent on the year. The […]

Hongqiao To Restart 100 Thousand MTPA Of Aluminium Capacity

With this year’s winter cuts season behind them, China Hongqiao Group Limited will be slowly but surely ramping up production levels over the next several months. The world’s most prolific aluminium producer made the announcement Friday, a day removed from the end of mandatory winter production cuts season. Specifically, the firm said it would commence […]

Sources Say Chinese Aluminium Firms Meeting To Discuss Domestic Price And Demand Woes

A trio of sources claiming knowledge told Reuters yesterday that representatives from China Hongqiao Group, Aluminum Corp of China Ltd (Chalco), and other Chinese major aluminium producers will hold a meeting today to hash out the implications of falling prices and weak demand for the country’s aluminium sector. Per the unnamed sources, the China Nonferrous […]