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China Hongqiao Warmly Receives Delegation Led by RUSAL President Oleg Deripaska
Release Time : 2015/4/8 16:43:35 From : China Hongqiao

(HONG KONG, 8 April 2015) Mr. Zhang Shiping, Chairman of China Hongqiao Group Limited (¡°China Hongqiao¡± or the ¡°Group¡±; Stock code: 1378), a leading aluminum product manufacturer in China, gave a warm welcome to a delegation of seven from RUSAL (Stock code: 0486) on 25 March, led by its president Oleg Deripaska. Mr. Cui Honggang, Vice Secretary of Municipal Party Committee and Governor of Binzhou, was also present.  

Apart from explaining the unique business model and industrial advantages of China Hongqiao to the visitors, Mr. Zhang also talked about the latest progress of the Group¡¯s projects in Guinea, Africa and Indonesia. Mr. Zhang said, ¡°The Group is a leading aluminum product manufacturer in the world working hard to transform and upgrade its business model, aiming for long-long-term development in the aspect of advanced processing of aluminum products. And, RUSAL being a large aluminum product manufacturer in the world has rich experience and own advanced manufacturing technologies. It is thus the hope of China Hongqiao that the two companies exert their individual competitive advantages in the future and also explore room for future cooperation.¡± 

Mr. Cui also affirmed China Hongqiao¡¯s key role in supporting development of the aluminum industry in the Binzhou municipality. He said the aluminum industry cluster in Binzhou boasts unique edges and a collective clout, owed to the efforts and influence of China Hongqiao and that his hope is for the Group to exchange and work together on high-end technologies with international peers the like of RUSAL.  

Mr. Deripaska complimented the social and economic success of Binzhou and told the gathering about RUSAL¡¯s production, its capacity and future development plans, and also that he saw the meeting as an opportunity to strengthen connection with China Hongqiao and also a platform for both parties to interact and exchange ideas. 

Mr. Zhang concluded, ¡°We are delighted to have Mr. Deripaska visiting China Hongqiao today and we look forward to boosting China Hongqiao¡¯s international presence in the future through interacting with more leading global aluminum manufacturers. Looking forward, the Group will continue to strengthen its industrial models aiming for ¡°Integration of Aluminum and Electricity¡± and ¡°Integration of Upstream and Downstream Business¡±, so as to cement its leadership in China¡¯s aluminum industry and generate considerable returns and long-term value for shareholders.¡±

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