KONTAN.CO.ID - SINGAPORE. China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation. Shandong Nanshan is among a growing group of private Chinese companies making multi-billion-dollar investments in Southeast Asia in sectors such as metal processing and oil refining amid a cooling Chinese economy and tighter regulatory scrutiny at home. The company started up its 2 million tonnes per year (tpy) alumina facility last November at the Galang Batang special economic zone (SEZ) on the island of Bintan,located about one hour by ferry from Singapore.
Shandong Nanshan May Expand Indonesia Site into US$ 6 Billion Aluminium Complex
KONTAN.CO.ID - SINGAPORE. China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation. Shandong Nanshan is among a growing group of private Chinese companies making multi-billion-dollar investments in Southeast Asia in sectors such as metal processing and oil refining amid a cooling Chinese economy and tighter regulatory scrutiny at home. The company started up its 2 million tonnes per year (tpy) alumina facility last November at the Galang Batang special economic zone (SEZ) on the island of Bintan,located about one hour by ferry from Singapore.