MONTREAL, Jan 17 - Alcan Inc. is considering the possibility of investing in the aluminum engineered products business in China, the company said on Wednesday.
Alcan, the world's second-largest maker of primary aluminum, declined to offer details, but spokesman Alexander Christian indicated that the company's investments in the engineered products business tend to total only in the tens of millions of dollars.
By contrast, aluminum smelters costs hundreds of millions, if not billions of dollars to build.
Alcan's comment came after Chinese television suggested the Canadian company would invest in the city of Pingguo in southern Guangxi province, to build a plant making aluminum products.
That followed media reports from late last year in which government and company officials said Alcan was interested in a joint venture that would make some 110,000 tonnes of aluminum sheet annually.
Alcan has had businesses in China for several years.
In 2004, it paid $150 million for a 50 percent stake in the 150,000 tonne Qingtongxia Aluminum Group Co. smelter in the northwestern Ningxia Hui autonomous region.
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