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New Zealand aluminum smelter's Diwa Yi angle smelter will further spending cuts
Time:2013.03.16 News Sources:Dongguan Changcheng Cans Co., Ltd.

New Zealand aluminum smelter's Diwa Yi angle smelter will further spending cuts
Aluminum smelter in New Zealand Limited (New Zealand Aluminium Smelters, NZAS)'s located in New Zealand's annual output of 365,000 tons of Diwa Yi angle (Tiwai Point) smelter will further spending cuts. Diwa Yi angle smelter is part of the Rio Tinto Alcan (RioTinto Alcan) intention to abandon the Pacific Aluminum Company (Pacific Aluminium). In October this year, the company announced plans to cut $ 70 million in capital expenditures, and NZAS expenditure cuts will be among the first of the plan, the plan is part of the company's package of cost saving programs, these programs may be implemented next year, including in review of maintenance work in the first quarter of 2013.

CRU point: Pacific Aluminum Company of sale for more than a year, the company now is trying to save costs, improve efficiency, in order to increase their attractiveness, cut the operating costs of the company-wide.