Thursday, May 15, 2014

Aluminum Sector to Lead M&A in Chinese Nonferrous Metals Industry

Aluminum Sector to Lead M&A in Chinese Nonferrous Metals IndustryThe Chinese aluminum sector will take a leading position in mergers and acquisitions in domestic nonferrous metals industry in the future, Securities Daily reported today. 
From January to 13 May, 22 M&A deals, valued at 23.35 billion yuan ($3.8 billion), were made in domestic non-ferrous metals industry, the report quoted data from Zero2IPO Group as saying.
China’s State Council’s new nine measures, a guideline detailing an array of capital market reforms, and problems facing the industry are reasons behind such an expectation, it said. 
The Chinese aluminum industry, featured by high pollution, high energy consumption, overcapacity and loss-making, was added to the list of inefficient capacity elimination released last year by the Ministry of Industry and Information Technology. This will promote the process of mergers and acquisitions in the industry, the report said.

1 comment:

  1. he continues to pretend that there are no citations that demonstrate this fact. Antivaxxers also continue to dishonestly suggest 100% bioavailability of vaccine aluminum adjuvant. Harold's latest humorous error (#6 now) is claiming that the BBB scientist said this: