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February 12, 2009
Alcoa Forms Strategic Cooperation Agreement with Henan Province in China on Aluminum Projects
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it has formed a strategic
cooperation agreement with the People’s Government of Henan Province in
China to jointly establish world class projects for the fabricated and
primary aluminum industry. The agreement was signed yesterday at Alcoa’s
New York headquarters by Alcoa President and CEO Klaus Kleinfeld and
Governor Guo Gengmao of Henan. Henan is located in central China and is
the country’s largest producer of non ferrous metals.
Under the agreement, Alcoa will work with Henan as a strategic ally on
identifying value adding projects for alumina, primary aluminum and
aluminum fabrication facilities in the province. The Henan government
will provide the necessary support for resource allocation, energy
supply, development plans and policies needed to make Henan a globally
competitive base for aluminum production.
“By combining the strengths of Henan Province, an area with abundant
energy and natural resources, and Alcoa’s technology and market
leadership, we are aiming to establish a globally competitive base for
aluminum production in China,” said Alcoa CEO Klaus Kleinfeld.
The Henan Province has abundant mineral resources with 107 varieties
discovered. Its bauxite reserves, which total 960 million metric tons,
are the second largest across the country. It is the home to 14 primary
aluminum smelters, with a total capacity of 1.3 million mtpy, and seven
alumina refineries with production capacity totaling over 2 million mtpy.
As part of the agreement, Alcoa and Henan will cooperate on the
sustainable development of the aluminum industry, deploying
energy-saving and emissions reducing technologies, bauxite residue
disposal, and aluminum recycling, to achieve an integrated and
sustainable growth in the region.
“The goals that Henan Province has for developing a modern metals
industry: integration, efficiency, energy management, and sustainability
– these are challenges that Alcoa has faced and met over the years, in
partnerships with communities across the world,” said Kleinfeld. “We’re
looking forward to a long and successful partnership based on mutual
understanding and prosperity -- and to working together for a stronger
future in China.”
Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina combined, through its active
and growing participation in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design,
engineering, production and other capabilities of Alcoa's businesses to
customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also
markets Alcoa® wheels, fastening systems, precision and investment
castings, and building systems. The Company has been named one of the
top most sustainable corporations in the world at the World Economic
Forum in Davos, Switzerland and has been a member of the Dow Jones
Sustainability Index for seven consecutive years. More information can
be found at www.alcoa.com.