Alcoa Inc. (AA: Quote) 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
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