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Ningbo Fubang Jingye Group to close warehousing business

Friday, 18 Aug 2017 10:58am EDT

Aug 18 (Reuters) - Ningbo Fubang Jingye Group Co Ltd <600768.SS> ::* Says it plans to close warehousing business and dissolve related two units because of city reconstruction project.

Ning Xia Yin Xing Energy to dissolve branch

Friday, 18 Aug 2017 01:47am EDT

Aug 18(Reuters) - Ning Xia Yin Xing Energy Co Ltd <000862.SZ>:Says it plans to dissolve a photovoltaic cell manufacturing branch.

Aluminum Corp Of China proposes to enter factoring business framework agreement with Chinalco Factoring

Thursday, 17 Aug 2017 08:15am EDT

Aug 17 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>:Proposes to enter into factoring business framework agreement with chinalco factoring.Group will transfer its receivable claims to chinalco factoring which will provide financing service.Co & units are authorized to develop factoring business of accounts receivable with chinalco commercial factoring tianjin.As at date of announcement, co has not entered into any concrete agreement in relation to factoring business.Annual cap of transaction amount for proposed factoring business with chinalco factoring for each of 2017 and 2018 will be rmb1.3 billion.

BRIEF-Shanxi Zhangze Electric's joint stock company plans restructuring with Chalco's Shanxi branch

Thursday, 27 Jul 2017 05:01am EDT

Refiles with two more bullet points:Says its joint stock aluminium electric company plans restructuring with Aluminum Corp of China's <<<601600.SS>>>2600.HK Shanxi branch.Says deal values Chalco's Shanxi branch at about 3.4 billion yuan.Says its holdings in aluminium electric company will be decreased to about 14 percent from 40 percent after transaction.

Shanxi Zhangze Electric's joint stock company plans restructuring with Chalco's Shanxi branch

Thursday, 27 Jul 2017 04:51am EDT

July 27 (Reuters) - Shanxi Zhangze Electric Power Co Ltd <000767.SZ>:Says its joint stock aluminum electric company plans restructuring with Aluminum Corp of China's <<<601600.SS>>>2600.HK Shanxi branch.

Yinbang Clad Material sees H1 2017 net profit up 1055.5-1269.5 pct

Thursday, 13 Jul 2017 11:18pm EDT

July 14 (Reuters) - Yinbang Clad Material Co Ltd <300337.SZ>: :* Sees net profit for H1 2017 to increase by 1055.5 percent to 1269.5 percent, or to be 27 million yuan to 32 million yuan, compared to net profit of the same period in 2016 (2.3 million yuan).* Comments that increased sales of aluminum business is the main reason for the forecast.

Aluminum Corp Of China says ‍merger and reorganization of Shanxi Branch and Shanxi Huaze Aluminium & Power was approved​

Wednesday, 28 Jun 2017 10:35am EDT

June 28 (Reuters) - Aluminum Corp Of China Ltd <601600.SS>:Merger and reorganization of Shanxi Branch of Aluminum Corporation Of China and Shanxi Huaze Aluminium & Power Co by co was approved​.‍Company plans to make capital contribution of approximately rmb3,426 million to Shanxi Huaze​.Upon completion of capital increase shareholding held by co in shanxi huaze will be increased to approximately 85.8%.

Norsk Hydro says Qatar aluminium plant faces logistics problem due diplomatic conflict

Tuesday, 6 Jun 2017 02:09am EDT

June 6 (Reuters) - Norsk Hydro Asa :Qatalum working to solve logistical challenges arising from middle-east tensions.Qatalum aluminium plant is working to solve outbound logistical challenges arising from uncertain situation in middle-east after saudi arabia, uae, bahrain and egypt cut off transportation links.Qatalum is a joint venture between Hydro and Qatar Petroleum, and is producing more than 600,000 tonnes per year of value-added primary aluminum to customers in Asia, Europe and the U.S.

Arconic Q1 adjusted earnings per share $0.33

Tuesday, 25 Apr 2017 04:15pm EDT

April 25 (Reuters) - Arconic Inc ::Arconic reports first quarter 2017 results.Q1 adjusted earnings per share $0.33 excluding items.Q1 earnings per share $0.65.Q1 revenue $3.2 billion versus I/B/E/S view $3.01 billion.Q1 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Says "aerospace market is continuing its transition to new platforms where we are strongly positioned".Arconic Inc - affirm guidance for full year 2017 provided at investor day last year.Fy2017 earnings per share view $1.09, revenue view $12.13 billion -- Thomson Reuters I/B/E/S.Arconic says in Q1, impact of higher aluminum prices was more than offset by ramp down from North American packaging business at Tennessee operations.

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