logo
Share SHARE
FONT-SIZE Plus   Neg

Alcoa And China Power Investment Finalize Deal To Establish JV Co In China

Alcoa Inc. (AA) announced that the company and China Power Investment Corporation or CPI announced have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. Terms of the agreement were not disclosed.

Alcoa noted that the joint venture company will serve as a manufacturer of high-end fabricated aluminum products for the aerospace, automotive, commercial transportation, consumer electronics and packaging markets in China.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations. Ford Motor Co.'s new CEO Jim Hackett has taken a more cautious approach to the automaker's plans for rolling out autonomous vehicles. Ford is currently undertaking a 100-day review of its operations and Hackett indicated at delays to the company's plans to launch a fully-autonomous vehicle by 2021.
comments powered by Disqus
Follow RTT