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RUSAL to supply 1.68m tonnes of metal to China North Industries Corporation between 2010 -2016

The group expects sales to China to represent 5% of revenue this year

Posted:  Monday , 02 Nov 2009

MOSCOW (Reuters) - 

Russia's UC RUSAL, the world's biggest aluminium producer, has signed a deal to supply 1.68 million tonnes of the metal to China North Industries Corporation (NORINCO) in 2010-16, the companies said on Monday. "UC RUSAL's sales to China are expected to represent 5 percent of its revenue in 2009, and the company aims to increase this to 10 percent of revenue by 2015," the joint statement said.

"The metal will be shipped to NORINCO from UC RUSAL's Siberian smelters, which are favourably located in proximity to UC RUSAL's Chinese clients." (Writing by Toni Vorobyova)

© Thomson Reuters 2009 All rights reserved

 

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