China Hongqiao Group Limited

China Hongqiao Planning New Aluminium Smelter In Yunnan

China Hongqiao Planning New Aluminium Smelter In Yunnan

World-leading aluminium producer China Hongqiao Group Ltd. is reportedly in talks with officials from the Yunnan provincial government to build a new aluminium smelter in the region. “They are in the process of discussing this issue,” explained Yunnan’s vice governor Dong Hua...

Events

Zhang Bo Succeeds Father As China Hongqiao’s Chairman

Chinese aluminium titan China Hongqiao Group Limited selected Zhang Bo to take the company’s reigns last week, filling the position his father held until his passing the week prior. The younger Zhang’s appointment took effect on Friday, the same day he was named to the post. The 49-year-old executive served as the firm’s Chief Executive […]

China Hongqiao Chairman Zhang Shiping Passes Away At Age 73

Chairman of China Hongqiao Group Limited and aluminium magnate Zhang Shiping passed away late last week at the age of 73. Hongqiao made the announcement on Thursday, noting that he also held the positions on the remuneration committee and the nomination committee at the time of his death. An announcement by his hometown newspaper indicated […]

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 Per the sources, the move will essentially consist of replacing outdated production lines with more state-of-the-art capacity.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 […]