Business News
Alcoa Bohai Sheet Business Inaugurated
Tuesday 15. September 2009 - A significant milestone was reached today for Alcoa's (NYSE:AA) growth in China with the inauguration of Alcoa Bohai sheet business at its plant in Qinhuangdao, China. Alcoa China now has the capacity to produce the highest quality aluminum sheet for the printing, transportation, electronics and packaging industries.
During the inauguration ceremony that took place at the Bohai plant in Qinhuangdao, Klaus Kleinfeld, Alcoa President and Chief Executive Officer, said, “I strongly believe that with state-of-the-art global technical support, Alcoa processes and quality control systems, outstanding equipment and our seasoned work force, Alcoa Bohai will produce high quality products that will bring significant benefit and value to our customers.” Kleinfeld added, “Since this year marks the 60th anniversary of the founding of the People’s Republic of China and the 30th anniversary of Chinas reform, we believe that this is a good time to be launching this important Alcoa business.”
Mr. Ma Yu Feng, the Deputy Executive Mayor of Qinhuangdao Municipal City expressed his confidence in Alcoa during the ceremony, “Evidence shows that in 2005 Alcoas decision to invest in Qinhuangdao city was correct. I believe that Alcoa Bohai will maintain its sustainable development in our city. In the meantime, we hope Alcoa and Mr. Kleinfeld continue to strengthen the cooperation with Qinhuangdao and, therefore, make it the closest partner and most reliable friend of Alcoa in China. “
Equipped with one 1+3 hot mill line, one cold mill, one lithographic sheet line with one slitter plus a series of finishing equipment, Alcoa Bohai will enable China to produce the highest quality aluminum sheet, such as printing industry-use digital plate stocks, hard alloy transportation sheet, high surface-quality sheet for the electronics industry, and can body stock.
The newly installed lithographic sheet line is the worlds most sophisticated and hi-tech line with high quality standard. As the largest domestic supplier of lithographic sheet, Alcoa Bohai will help China to replace most of its overseas imports of lithographic sheets and strengthen its position in advanced lithographic sheet manufacturing and management.