- Major graphitized cathode supply contract concluded between Hangzhou Jinjiang Group and SGL Group
- Order volume: 12kt
- Serving a landmark smelter project in Inner-Mongolia, China
Hangzhou / Wiesbaden, 30-4-2014 — /EuropaWire/ — Hangzhou Jinjiang Group and SGL Group concluded a contract for the supply of 12kt of graphitized cathodes for the new Line 2 of the green-field smelter in Huolinguole, Inner-Mongolia, China. The smelter will operate with 6 reduction lines utilizing top modern NEUI 400 kA smelting technology.
The Project Manager of Hangzhou Jinjiang Group, states: “This greenfield smelter will be one of the most cost efficient smelter in the world with a very low electrical consumption per ton of aluminum produced. We have selected SGL Group as our partner for our smelter project due to its excellent quality of graphitized cathodes and its encompassing service offering.”
Jutta Schull, Head of Business Unit Cathodes and Furnace Linings of SGL Group: “We are proud to have been selected as partner in this landmark project which will establish Hangzhou Jinjiang Group as one of the largest aluminum producers globally.”
China is the fastest growing market for Aluminum production. Experts expect a growth rate of about 8%. The global demand for aluminum is driven by many applications such as construction, packaging, and electronics and hence shows a growth above the global GDP.
About Hangzhou Jinjiang Group – Huolinguole Project
Hangzhou Jinjiang Group have joined with Inner Mongolia Huolinhe Coal Group to build this smelter. Jinjiang Group has a 1.8 million ton alumina refinery in Henan Sanmenxia under the name of Kaiman Aluminium and a 1.4 million ton alumina refinery in Shanxi province. Jinjiang Group also has a smelter in Ningxia, currently operating at 350kt, with a design capacity of more than 1 million tons per annum.
About SGL Group – The Carbon Company
SGL Group is one of the world’s leading manufacturers of carbon-based products and materials. It has a comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as very good electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to industrialization in the growth regions of Asia and Latin America and increased substitution of traditional with innovative materials, there is a growing demand for SGL Group’s high-performance materials and products. Products from SGL Group are used predominantly in the steel, aluminum, automotive and chemical industries as well as in the semiconductor, solar and LED sectors and in lithium-ion batteries. Carbon-based materials and products are also being used increasingly in the wind power, aerospace and defense industries.
With 43 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, SGL Group is a company with a global presence. In 2013, the Company’s workforce of around 6,300 employees generated sales of €1,477 million. The Company’s head office is located in Wiesbaden.
Further information on the SGL Group can be found online at: www.sglgroup.com
This press release may contain forward-looking statements based on the information currently available to us and on our current projections and assumptions. By nature, forward-looking statements involve known and unknown risks and uncertainties, as a consequence of which actual developments and results can deviate significantly from these forward-looking statements. Forward-looking statements are not to be understood as guarantees. Rather, future developments and results depend on a number of factors; they entail various risks and unanticipated circumstances and are based on assumptions which may prove to be inaccurate. These risks and uncertainties include, for example, unforeseeable changes in political, economic, legal, and business conditions, particularly relating to our main customer industries, such as electric steel production, to the competitive environment, to interest rate and exchange rate fluctuations, to technological developments, and to other risks and unanticipated circumstances. Other risks that in our opinion may arise include price developments, unexpected developments connected with acquisitions and subsidiaries, and unforeseen risks associated with ongoing cost savings programs. SGL Group does not intend or assume any responsibility to revise or otherwise update these forward-looking statements.