alcoa & cdb {china development bank}., page-3

Hi all

Here it is for all to read !!


Alcoa and the China Development Bank (CDB) announced today that they have signed a Memorandum of Understanding to collaborate on an array of aluminum and related projects both in China and abroad, focusing on Alcoa partnering with Chinese companies on global expansion projects and developing China?s domestic aluminum industry.

The agreement was signed in Beijing by Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld and CDB Governor Jiang Chaoliang.

?This is an important step in expanding Alcoa?s cooperation with Chinese partners and it creates a unique opportunity for the company?s growth around the world,? Kleinfeld said. ?CDB is China?s leading development bank, and our partnership will be mutually beneficial to Alcoa and Chinese partners. Alcoa?s extensive experience and global network combined with CDB?s financing capacity and knowledge will strengthen all parties involved.?

Jiang added, ?CDB is dedicated to producing viable opportunities for Chinese companies to expand abroad and increasing their growth capability at home. This MOU with Alcoa is an important landmark that will help further these goals.?

The MOU will support Alcoa?s expansion around the world through knowledge sharing and potential financing support on appropriate projects. Alcoa and CDB will work together to identify potential partners and projects in and outside China. Further, CDB will prioritize Alcoa?s projects in China and the two organizations will engage in professional training for each others? staffs.

?Alcoa and CDB understand that in the world today, cooperation between U.S. and Chinese companies is critical to their mutual success,? Jiang added.



Good luck to all that hold MHM.
The technology we have is out of this world and soon to be around this world.