与全球铝业霸主合资！知名晋商郎光辉投资11.46亿在海外建厂...
Sou Hu Cai Jing·2025-12-16 18:30

Core Viewpoint - The company Suotong Development plans to sign a joint venture agreement with Emirates Global Aluminium (EGA) to invest in a 300kt/a prebaked anode project in the UAE, with a total estimated investment of up to $295 million (approximately 2.084 billion RMB) [1][3]. Group 1: Joint Venture Details - Suotong Development will invest approximately $162.25 million (about 1.146 billion RMB) through a newly established subsidiary, holding 55% of the joint venture [2]. - EGA or its controlled entities will invest approximately $132.75 million, holding 45% of the joint venture [2]. - The joint venture will have a board of directors consisting of five members, with Suotong Development appointing three and EGA appointing two [3]. Group 2: Market Context and Strategic Importance - The overseas electrolytic aluminum market is entering a new construction cycle, and the collaboration with EGA is expected to provide high-quality prebaked anode products and services to customers, especially in the Middle East [1]. - EGA is the world's largest high-purity aluminum producer, with an electrolytic aluminum capacity of approximately 2.7 million tons [4]. - The UAE is a major producer of primary aluminum and a key area for petroleum coke, a core raw material for prebaked anodes, providing significant cost advantages [4]. Group 3: Company Background and Financial Performance - Suotong Development is the first and only listed company in the aluminum carbon industry, focusing on the research, production, and sales of prebaked anodes, lithium battery anode materials, and film capacitors [6]. - The company has seen steady growth in prebaked anode production, with exports increasing from 318,000 tons in 2017 to an expected 900,000 tons in 2024, reflecting a compound annual growth rate of 16% [8]. - For the first three quarters of 2025, Suotong Development achieved revenue of 12.762 billion RMB, a year-on-year increase of 28.66%, and a net profit of 654 million RMB, a significant year-on-year growth of 201.81% [9].