The relocation will be carried out through an internal capacity transfer by Yidian Holding Group Co., Ltd., a Chinese aluminium and power producer. Under the plan, the company will transfer 240,000 tonnes per year of primary aluminium capacity from its controlling subsidiary Henan Hengkang Aluminium Co., Ltd. (Hengkang Aluminium) located in Sanmenxia city, Henan, to another controlling subsidiary, Inner Mongolia Dongshan Aluminium Co., Ltd. (Dongshan Aluminium), based in Chifeng city, Inner Mongolia, according to the announcement.
The two subsidiaries, Hengkang aluminium and Dongshan aluminium, have signed a capacity transfer agreement and formulated a capacity swap plan, the announcement said. The swap plan had been opened for public consultation on December 11 for 10 working days and has now been formally publicised.
