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
Sluggish sales of video games have forced GameStop to take a decision to close around 150 retail locations. Digital downloads and competition from rivals are said to be the reason for shut down. The company operates around 6600 stores worldwide and has not revealed the list of shops to be closed. According to reports GameStop is planning the closure of up to 3 percent of their shops. After coming under fire for its decision to bar two teenage girls from boarding a flight on Sunday morning, United Airlines has defended its action. The two teenage girls were prevented by a gate agent on Sunday morning from boarding a United Airlines flight from Denver to Minneapolis as they were wearing leggings that were deemed as improper attire. Treasury Secretary Steven Mnuchin's comments about the Lego Batman movie that he produced has raised questions from ethical groups whether he violated federal ethics rules that prohibit the promotion of products. Mnuchin, a former Hollywood producer, was asked several questions related to movies at an Axios event in Washington on Friday.
comments powered by Disqus
Follow RTT