Hong Kong partner for Comalco

Press, Volume CXI, Issue 32564, 25 March 1971, Page 14

Hong Kong partner for Comalco

(New Zealand Press Association) WELLINGTON, March 24. Comalco, Ltd, and the Cltiap Hua Manufactory Company (1947), Ltd, of Hong Kong have announced that negotiations have been completed for a new joint venture company, in Hong Kong, to assume control of Chiap Hua’s extrusion division.

Fifty-five per cent of the shares of the company— Chiap Hua Comalco, Ltd—will be held by Chiap Hua, and 45 per cent by Comalco. Chiap Hua, the only producer of extrusions in Hong Kong, had been largely responsible for the sevenfold increase, in the last eight years, of Hong Kong’s usage of aluminium extrusions. The company is also a substantial supplier of extrusions to other South-East Asian markets.

aluminium building products, and its aluminium window production facilities will be expanded. Last year Chiap Hua became a partner with Comalco, and another Australian company, Freighter Industries, Ltd, in International Containers, Ltd, a company which is manufacturing shipping containers in Hong Kong. Earlier this year, I.C.L. produced its first containers, and already holds orders worth approximately s3m.

The extrusion division of Chiap Hua has been closely associated with Comalco, from whom it has purchased its primary aluminium billet, since beginning operations in 1963. This new venture is; not the first association between the two companies. ‘For a number of years, Chiap Hua and Comalco have been associated in an architectural fabrication company, Petman, Ltd. This company now has the major share of the Hong Kong market for