Bloomberg reported that Aleris International Inc an aluminum processor that supplies Boeing Co and Airbus SAS started building a USD 300 million rolling venture in China’s eastern city of Zhenjiang.

Aleris said in a statement issued before a ground- breaking ceremony of the mill in Zhenjiang, Jiangsu province that the venture, Aleris Dingsheng Aluminum Co will make aluminum plates with a capacity of about 250,000 tonnes a year.

Mr Steven Demetriou CEO said in August Beachwood, Ohio-based Aleris buys aluminum from smelters and scrap yards to produce rolled and extruded metal. Aleris is considering expanding in China to boost revenue and may make acquisitions. It has a plant in the Chinese city of Tianjin to make extrusions for the transport industry.

Aleris which also supplies Commercial Aircraft Corp of China said shipments to customers from the new plant will start by the fourth quarter of next year. Aleris will own 81% of the venture with local partner Zhenjiang Dingsheng Aluminum Industries Joint-Stock Co Ltd holding the balance.

(Sourced from Bloomberg)