china hongqiao

China Hongqiao Chairman Zhang Shiping Passes Away At Age 73

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...

Events

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 […]

Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March

The most prolific aluminium producer on Earth will be compelled to cut over half a million metric tons per annum of production capacity over the winter months as part of the state’s effort at fighting smog production. According to documents obtained by Reuters, the Shandong province’s city of Binzhou has ordered the closure of five […]

Capacity Closures and Rising Overhead Hammer China Hongqiao’s 2017 Bottom Line

The world’s premier raw aluminium producer China Hongqiao Group Limited released financial results for 2017 on Friday, revealing losses of 25.3 percent thanks to capacity closures and increased overhead costs. According to the filing made with the Hong Kong Stock Exchange, revenue for the year totaled RMB93.3 billion, a 52-percent jump from last year’s total […]