Rusal, the leading global aluminum producer, has announced its plans to acquire a 30% equity stake in China’s Hebei Wenfeng New Materials (HWNM). This strategic investment amounts to 1.91 billion yuan ($261.6 million) and will strengthen Rusal’s position in the Chinese alumina market. By partnering with HWNM, Rusal aims to enhance its production capabilities and expand its presence in China, which is the world’s largest consumer of aluminum.
This acquisition is a significant move for Rusal as it seeks to tap into the potential of the Chinese market and capitalize on the growing demand for aluminum products. HWNM is a well-established alumina producer in China, renowned for its high-quality products and state-of-the-art facilities. The partnership between Rusal and HWNM will not only help Rusal secure a reliable supply of alumina but also enable it to strengthen its foothold in one of the key global markets for aluminum. With this investment, Rusal consolidates its position as a major player in the global aluminum industry and sets the stage for further growth and expansion in China’s booming market.
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