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Shandong Huayu, a subsidiary of Chinalco, plans to transform and upgrade, and 200,000 tons of electrolytic aluminum has been flexibly produced

2019-02-13 17:35:56

 Shandong Huayu, a subsidiary of Chinalco, plans to transform and upgrade, and 200,000 tons of electrolytic aluminum has been flexibly produced.

On the evening of January 30, China's non-ferrous metal leader Chinalco (601600) announced that the company's holding subsidiary Shandong Huayu Alloy Materials Co., Ltd. (hereinafter referred to as “Shandong Huayu”) has an annual production capacity of approximately 200,000 tons of electrolytic aluminum production line. produce. At present, the company is negotiating with other shareholders of Shandong Huayu to implement transformation and upgrading.
It is worth noting that the electricity price and coal price in Shandong are relatively high, and close to the “2+26” area. The environmental protection capacity is tight. From the electricity price and environmental protection, there is no condition to continue to develop electrolytic aluminum. The price of Shandong Huayu electrolytic aluminum is at The country is almost at the top. In the electrolytic aluminum industry, the power supply is mainly coal-fired, and the electricity price accounts for 40%-50% of the cost.
In fact, on November 30, 2018, Chinalco issued a notice on the flexible production of some electrolytic aluminum production lines. According to the announcement, due to the influence of market environment, environmental protection and production restrictions, in line with the principle of maximizing benefits, Chinalco decided to implement flexibility on some electrolytic aluminum production lines of Shanxi Huasheng Aluminum Co., Ltd. and Shandong Huayu Alloy Materials Co., Ltd. Production, involving electrolytic aluminum production capacity of about 470,000 tons.
In the latest announcement, Chinalco said that the external electricity price environment forced Shandong Huayu to rely on its own technology and talents to develop high-quality aluminum alloy and deep-processed products, thus forming a strong R&D production capacity. The market has a good brand image and has become a bar supplier for companies such as VIVO and Apple with strict quality control.
Chinalco said that in order to implement the spirit of the party's 19th National Congress on deepening the supply-side structural reform, improving the quality of the supply system, optimizing the allocation of resources, and realizing the dynamic balance between supply and demand, the implementation of the capacity replacement in the production of some industries with severe excess capacity Under the guidance of the National Industrial Policy of the Ministry of Industry and Information Technology on the matters related to the implementation of capacity replacement by electrolytic aluminum enterprises through mergers and acquisitions, Chinalco uses the state to support cross-regional capacity replacement and guide domestic effective production capacity. Concentrate on superior companies and areas with comparative advantages.
In the future, Chinalco will promote and radiate Shandong Huayu's aluminum alloy technology, management, talents and brand advantages to other aluminum electrolytic enterprises in China Aluminum and Shandong Huayu. Shandong Huayu will be transformed from “manufacturing type” to “R&D+”. The management + service type enterprise realizes the output of technology and management, which is conducive to promoting the formation of regional economic and industrial development patterns with reasonable division of labor, complementary advantages and unique characteristics.
It is understood that in recent years, under the strong leadership of the Party Central Committee and the State Council, in accordance with the deployment of the State-owned Assets Supervision and Administration Commission of the State Council, Chinalco Group has responded to a series of problems such as the continued downturn in the non-ferrous metals market, the low price of bulk commodities, and the deepening of industrial restructuring. The first to respond to the implementation of the "addition, subtraction, multiplication and division" proposed by General Secretary Xi Jinping, resolutely win the battle to improve quality and efficiency, comprehensively promote precise management, and comprehensively promote the transformation and upgrading of enterprises.
Among them, the benefits of electrolytic aluminum “shut down and turn” are quite eye-catching. For example, the wholly-owned subsidiary of Chinalco Group and the “China's No. 1 Aluminum”, which was founded in 1936, Fushun Aluminum, the electrolytic aluminum production line was shut down in October 2015, and the electrolytic aluminum production capacity was transferred to Baotou, Inner Mongolia. The project has quickly turned from a serious loss to a profitable one.


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