Chalco to build JV with Malaysia's GIIG

中铝与马来西亚GIIG合建电解铝厂

China's leading aluminum manufacturer, Aluminum Corporation of China Ltd. (Chalco), sealed a deal with Malaysian company Gulf International Investment Group Holdings (GIIG) to jointly develop a US$1.6-billion aluminum smelting plant in Sarawak, Malaysia.

The joint venture, which will have an annual capacity of 370,000 tons, will be located in Samalaju Industrial Park, about 60 kilometers from Bintulu.

According to a Chalco insider, the JV will be established upon the restructuring of Smelter Asia, a wholly-owned subsidiary of GIIC. The plant is expected to commence operation in 2013.

The source didn't provide details on what percentage of the venture would be owned by Chalco.

中铝公司与马来西亚GIIG公司在吉隆坡布城签署了《亚洲铝厂合资协议》，双方将合资建设年产37万吨的电解铝厂，总投资十余亿美元。

据记者了解，根据双方签署的协议，亚洲铝厂建在马来西亚州民都鲁市的萨马拉居工业园内。

中铝公司内部人士告诉记者，双方组建的合资公司是在GIIG全资子公司亚洲铝厂有限责任公司的基础上重组而成的，新项目初步计划在2013年投入运营。

该内部人士并未透露该合建铝厂的投资比例等细节。