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Thursday, September 01, 2016
Zhongwang Group's Acquisition of US Peers Will Have A Synergistic Effect
ANBOUND

Recently, China Zhongwang Group through its American branch spends US $ 2.33 billion taking over Aleris Aluminium Company Limited (ALERIS), one of the world's leading developers and manufacturers of aluminum rolled products. In ANBOUND’s view, Zhongwang and Aleris’s business matches very much and we should be optimistic about this acquisition. China Zhongwang, a listed company of Zhongwang International, is currently the world’s second largest and Asia’s largest industrial aluminum extrusion products developer and manufacturer, which is a global leader in aluminum extrusion and deep processing. Zhongwang Group’s acquisition of Aleris will have a synergistic effect and is beneficial for Zhongwang to enter the international market.

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