XinRen already enjoys one of the local sector's most efficient cost structures. Its initial 21% stake in China Leading International Group Limited – which has given it a stake in a primary aluminum smelter, Xinjiang Production and Construction Corps Agricultural Division Eight Xinjiang Tianshan Aluminum Plant Co., Ltd. (Xinjiang Plant) – will further enhance the Group's already strong competitive edge over its PRC peers. Major advantages will be gained from Xinjiang Plant's cost-competitive smelting facility and its in-house independent power plant, consisting of two generating units running at full capacity from 2QFY13.
With Xinjiang Plant, XinRen is set to increase its lead as an integrated upstream producer in the industry, and it will remain among the country's most cost-efficient aluminum producers.
The Group plans to further expand and comprehensively integrate its smelting and fabrication capacity to tap the growing demand for aluminum products, both at home and overseas.