| - |   ;  ;  ;both for Aluminium Corp and for the company Xiong Weiping, over the past year is an extraordinary year .  ;  ;  ;this year in February, Xiong Weiping returned to he once worked in aluminum ,to take up the post of the chief .<br>Orders at jeopardy during Xiong Weiping ,is in the face of financial crisis have collapsed under aluminum price and sluggish market .Then, 4 months later,resulting in the increase of Rio Tinto Rio default aluminum failed ,and the company was pushed in the teeth of the storm .<br>  ;  ;  ;in this extraordinary years ,Xiong Weiping insist green hill to be not loosened ,he put all his efforts into a goal -- the aluminum into a world-class mineral company with rival international metal mineral company .<br>In response to the crisis to a world-class mineral company look for difference   ;  ;  ;reporter: you leave on 2006 inAl to China to work for more than two years ,,in February of this year and returned to aluminum ,at that time the entire non-ferrous metal industry is stagnant, aluminum case ?  ;  ;  ;Xiong Weiping : the financial crisis of non-ferrous metals, especially aluminum industry impact hitherto unknown .<br>International aluminous price last year in July from $3121 / ton fell to 1288 U.S. dollars in February 23rd/ ton ,down 58.7% ,alumina price decline range achieves 53.5% ,product sales prices are lower than the cost of production 30% - 50% ,appeared in a rare loss of the entire industry .<br>  ;  ;  ;in this environment, at the time of the aluminum case is also very difficult :product prices, inventory increases considerably, start working is not worth badly .In 2007,, we have about 20000000000 Yuan profit,but in 2008 appears bigger loss,,the fluctuation is too big ,production and operation of enterprises face the unprecedented challenge .<br>At that time, some cadres and workers in the aluminum where to go ,where the road feel confused .As the general manager ,,I is really very great pressure on the shoulder .  ;  ;  ;reporter: you had no confidence through this crisis ?  ;  ;  ;Xiong Weiping :crisis caused by temporary difficulties and not my priority ,I really need to consider is how to make good use of the crisis brought about by the industry adjustment of the opportunity ,,accelerate structural adjustment and the strategic transformation of aluminum in pace .<br>  ;  ;  ;from the international mineral company, development trend, a single species of specialized companies has been difficult to adapt to the globalization competition, in recent years ,the global mining areas of transnational merger and acquisition tide happen frequently ,international market competition pattern is occurrent major change ,in the aluminum company to accelerate the internationalization of mineral company in transition metal brook no delay .<br>We do not hesitate to choose the fight to win or die ,made the turning crises into opportunities ,implementation of the strategy of transition of solid pace .  ;  ;  ;reporter :and the world class mineral company, aluminum has much difference ?  ;  ;  ;Xiong Weiping :the difference is very obvious,, especially the resources, both varieties ,quality or reserves ,we are far inferior to others .<br>Due to our own internationalization degree is insufficient, both in our management experience and technology research and development, and these top companies also have a certain gap .  ;  ;  ;reporter :to catch up with world-class ,not just a big plate ,benefit is very important .<br>Now in the aluminum business condition?   ;  ;  ;Xiong Weiping :because the country came on stage to ensuring economic growth, people ,security and stability of the a series of policies and measures ,so that the market, commodity prices rebound .<br>At the same time ,the company has adopted a series of effective measures to cope with the crisis ,in the aluminum company benefit in improving step by step ,1-7month,the company significantly reduced losses ,August was a turning point ,the company operating profit ,,reversed since the financial crisis of 12 months of consecutive losses, since the September earnings level gradually improve .<br>Strategic management management pattern of   ;  ;  ;reporter: you just mentioned ,in the aluminum in the crisis to obtain apparent effect .Then ,can you introduce some measures of aluminum in response to the crisis ?  ;  ;  ;Xiong Weiping :in order to deal with the crisis ,,we carried out a controlled form add fortunately be filled with battle of assault fortified positions, take the ,two ,and three pressure tight extraordinary measures .<br> is the survival ,is to ensure the safety of cash flow ,ensure the employment circumstances of our employee . Two is the pressure management costs ,Hara Suke materials and inventory .<br> Three from investment project cost is tight ,tight ,tight capital management .  ;  ;  ;reporter :except in the very period to take extraordinary measures,, and long-term measures ?  ;  ;  ;Xiong Weiping :yes .<br>Aluminum to achieve long-term healthy development ,we must enhance the response to various types of crisis and the industry cyclical change ability ,,must be comprehensive ,deep structure adjustment .<br>  ;  ;  ;for example ,our original industrial layout with the colors of the planned economy ,must now according to economic rule and market demands -- alumina to rich resources of local metastases ,electrolytic aluminum to energy sufficient ,price cheap place to transfer to the consumer market ,industry transfer .<br>Through the full range ,,depth of structural adjustment ,regard board ,shrinking gap ,reconstruction of new competitive advantages ,and promote the scientific development level .  ;  ;  ;to build international metal mineral company development needs ,our company management system undertook reform .<br>Our original executes is centralized management ,unified management operation control system ,is the following enterprise management has direct operations .Now converted into strategic management type ,is through the seven plate company ,division in the form of subordinate enterprises conduct business management ,headquarters strategic planning ,despite major investment and financing ,an important cadre appointment and performance appraisal, to allow enterprises to directly face the market ,truly becomes the market competition main body .<br>The strategy of will not change the   ;  ;  ;reporter : you talk to build international metal mineral company ,I would like to acquire a stake in Rio Tinto is a target for this service .<br>But this year, Rio Tinto aluminum capital finally failed .Looking back now, do you think this thing to aluminum in the development of what effect?   ;  ;  ;default :Rio Xiong Weiping ,of course we are disappointed .<br>Although this year the capital Rio failed ,but in the aluminum still made gains .This acquisition has increased greatly in the aluminum in the international mining industry visibility and influence ,greatly improving aluminum intangible assets .<br>With this acquisition ,aluminum establish a principle ,trustworthy ,responsible corporate image ,strengthened with the international mineral company and Chinese financial institutions, exchanges and cooperation ,promote domestic and foreign government departments between communication and understanding ,and training a contingent of outstanding international team ,all this is in the aluminum companies in the implementation of the international strategy to obtain the valuable wealth of the road .<br>  ;  ;  ;reporter: so ,aluminum future go out ?  ;  ;  ;Xiong Weiping : Aluminum in strategic goal is to build international metal mineral company ,this goal will not change .<br>Chinalco will actively participate in the global mining areas of common development ,continue to seek strategic investment opportunities .  ;  ;  ;reporter :do you think the next year and even a longer time ,non-ferrous metals industry and the trend of development how ?  ;  ;  ;Xiong Weiping :the non-ferrous metal industry in the recovery phase ,,but the market is still unstable .<br>From the favorable factors ,the global economic recovery will make nonferrous metal consumption and production continued to rise ,the global inflation expectations will be reinforced metal price increases expected .<br>But on the other hand ,idle capacity release will be on metal prices formation pressure .  ;  ;  ;overall, expected non-ferrous metal prices will still be in concussion uplink channel ,but the result of excess production capacity, pile up in excess of requirement of the market situation has not been fundamentally improved ,competition will be more intense ,to realize nonferrous metal industry steady and faster development shoulder heavy responsibilities .<br>Related articles:
| + | 5. Assures that all post-closing disbursements, filing, and procedures take place. |
