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Zhang decided to move to aluminum industry. The move led to an aggressive expansion of the company, and the company was later renamed China Hongqiao Group Ltd. Hongqiao surpassed Russian titan United Co. Rusal and China's SOE Aluminum Corp. of China Ltd. to become the largest producer in the world [2] and was listed in Hong Kong in 2011. [2]
List of largest aluminum producers by output. ... Company Output Headquarters 1 Chinalco: 7.1 ... List of largest manufacturing companies by revenue;
In 2014, by contrast, the US ranked sixth in primary aluminum production, and provided only 3.5% of world production. US production of primary aluminum peaked in 1980 at 4.64 million metric tons. Since then, US primary aluminum production has fallen by more than half, but secondary production has increased, making up much of the difference.
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The company changed its name to the Aluminum Company of America in 1907. Alcoa increased production by 40% during World War I and was an essential supplier of aluminum in World War II. In the 2000s, Alcoa purchased numerous competitors, including Reynolds Group Holdings (makers of Reynolds Wrap).
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The company emerged from bankruptcy four years later. [12] In March 2006, Kaiser Aluminum determined to restate its financial statements for the quarters ended March 31, 2005; June 30, 2005; and September 30, 2005, to adjust its VEBA-related payments and derivative financial instrument transactions. The company previously owned a stake in ...