- Business
- Shandong Hontron Aluminum Industry Holding Company Limited (002379.SZ), formerly Shandong Hongchuang Aluminum Industry Holding Company Limited, engages in the research, development, production and sales of aluminum products. The company manufactures casting coils, cold-rolled coils, aluminum sheets and strips; pharmaceutical blister foils, household foils, container foils, beer wrap foils, decorative foils, battery foils and cable foils. It operates 22 casting and rolling lines, five cold rolling lines and 14 foil rolling lines, with annual capacities of 200,000 tons for casting coils, 200,000 tons for cold-rolled coils and 120,000 tons for foils; products serve industries including packaging, pharmaceuticals, consumer goods, batteries and construction, with exports to over 60 countries. Founded in 2000 and headquartered in Binzhou City, Shandong Province, China, the company listed on the Shenzhen Stock Exchange in March 2010 and maintains over 5,000 customers worldwide. In September 2023, it changed its name from Shandong Hongchuang Aluminum Industry Holding Company Limited to its current name; in early 2025, it announced plans to issue shares for approximately 63.5 billion yuan to acquire 100% equity in Shandong Hongtuo Industrial Co., Ltd. from shareholders including Weiqiao Aluminum & Electricity, aiming to expand into electrolytic aluminum production and become a leading integrated player in the sector, with the transaction approved by shareholders and increasing China Hongqiao's stake. In 2024, operating revenue rose 29.73% year-over-year to 3.49 billion yuan amid higher sales volumes and aluminum prices; it also reevaluated and postponed a fundraising project for 100,000 tons annual high-precision aluminum deep processing using recycled aluminum due to subdued industry conditions.