Rusal plans more JVs with Chinese companies
Updated: 2015-09-10 09:35
By He Yini(China Daily)
|
|||||||||||
The automobile industry, among others, is a key driver of aluminum demand by sector. According to a Rusal report, global aluminum consumption in transport will be growing at an annual rate of 5 percent to 7 percent till 2020.
That is sweet music for Rusal, which produces 7 percent of global aluminum.
The company's 2015 first-half financial reports show revenue grew 8.3 percent year-on-year to $4.75 billion. Net profit during the period surged to $830 million, compared with $40 million recurring net loss in the same period of 2014.
"We have taken adequate steps to reduce production costs, generate sufficient profits and boost performance. All of these should allow Rusal to make dividend payouts. It's very important for the company and for the market."
"With opportunities ahead from infrastructure and transport projects such as high-speed trains under the Belt and Road Initiative, we are quite optimistic on long-term prospects," he said.
Related Stories
Alcoa charts growth plan in line with China 2015-09-09 09:35
China must boost productivity: WEF expert 2015-09-09 09:30
Data will shape future energy consumption 2015-09-09 09:46
China's opportunity to reinforce a sustainable tomorrow 2015-09-09 09:51
Precision medicine promises new age of healthcare 2015-09-09 09:55
Collaborations for global good 2015-09-09 09:57
Today's Top News
Queen Elizabeth 'never aspired' to become UK's longest-reigning monarch
Rolls-Royce aims to widen appeal with new convertible
'FX forwards measure is not capital control'
Queen Elizabeth II surpasses Queen Victoria's long reign
China aims to be first to land on far side of moon
Renowned scroll painting unrolled at the Palace Museum
Chinese premier Li commends nation's teachers
China celebrates 50th anniversary of Tibet
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|












