Asia
China CAMC Engineering Signs 1.72-Billion-Yuan Angola Aluminum Contract; Shares Fall 8%
China CAMC Engineering (SHE:002051) subsidiary CAMCE Jiangsu signed a 1.72-billion-yuan contract with Huatong Angola for Phase Two of an aluminum electrolysis production line in Angola.The project expands capacity by 120,000 tons annually, with CAMCE Jiangsu providing design, equipment procurement, installation and commissioning over 24 months.Huatong Angola is a wholly-owned subsidiary of Hebei Huatong Wires and Cables (SHA:605196).Shares of China CAMC Engineering fell 8% in recent trade.
SHA:605196SHE:002051
