Outside alumina sales give Hongqiao a boost in ‘18
Mar 28, 2019 12:00
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A shrewd tweak of its business plan last year saw China Hongqiao Group, the country’s leading privately-owned integrated aluminum producer, double the share that sales of alumina enjoyed in its overall business, the Shandong-headquartered company’s latest annual report shows.
Last year for the first time, Hongqiao itemized “revenue from selling alumina”in its revenue sheet, explaining that it regarded alumina sales as one of its current undertakings, with the revenue share from sales of the raw material jumping to 12.2% last year from the prior year’s 4.7%, the report showed.