Jiaozuo Wanfang Aluminium Manufacturing Co. Plans to Build Two 300-Megawatt Power Generators Ltd. According to BAC Report31 Oct 2011 • by Natalie Aster
LONDON - Jiaozuo Wanfang Aluminum Manufacturing Co Ltd (SHE:000612) in February 2011 announced its intention to build two 300-megawatt power generators. The construction costs CNY 2.79 B and will be complete in the Q1 2013. The plant is projected to consume 1.9 M tons of coal delivered from Shanxi affiliates. ROI is 11.5 years.
Company’s current capacity is 420000 tons annually, which requires six terawatt of energy each year. Due to power shortages and high fees Wanfang Aluminum had to cut 1/3 of its capacity in October 2010, which led to 140,000 tons shorter that planned production. New plant is supposed to reduce Jiaozuo Wanfang’s dependence in electricity on power grid.
Wanfang Aluminum’s financial performance isn’t strong. Year over year, net income has been decreasing, while revenue did not show any significant change. This means rising power expenses and emphasizes company’s urgent need for own power plant. In FY 2010 revenue amounted to CNY 5594 M, and it is 8% rise from FY 2007 result. Net income decreased greatly (by 83%), falling from CNY 683.7 M to CNY 115.8 M. interim financials are even more fluctuate, going up or down with every new period. In June 30 2011 revenue and net income reached CNY 1681.6 M and CNY 177.6 M respectively.
Founded in 1988 and headquartered in Wanfang Industrial Zone (China) Jiaozuo Wanfang Aluminum Manufacturing Co Ltd engages in manufacture of aluminum ingot, alumina and aluminum hydroxide. Since 2006 it is a wholly owned subsidiary of Aluminum Corporation of China (CHIALCO).
More details on the company’s current business performance and future trends can be found in the report “Jiaozuo Wanfang Aluminium Manufacturing Co., Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
An overview of the China Metals and Mining Industry and its players can be found in the report “China Metals and Mining Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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