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Alcoa, SMW Automotive Alliance In Asia Pacific
May 01, 2007

Alcoa announced that the company has signed a contract with Hong Kong based SMW Automotive to outline an alliance for manufacturing cast aluminum chassis and modules.

Alcoa announced on 28th September that the company has signed a contract with Hong Kong based SMW Automotive to outline an alliance for manufacturing cast aluminum chassis, modules and suspension components. The deal will serve the automobile industry in South Korea, Japan, China, and Asia Pacific Countries.

Under this contract, Alcoa Inc plans to certify its Vacuum Riserless Casting (VRC) and Pressure Riserless Casting (PRC) technology & sell allied production assets.

Hong Kong based SMW Automotive is a new subordinate of Concord International, a private supplier of brake systems & components, and chassis. Headquartered in Michigan's city Troy, the company has its operations in US, France, Brazil, China and Canada. The plant is scheduled to be ready by the year 2008. Additionally, the contract provides structure for both the companies to recognize, build up and launch new programs.

President of Alcoa Auto and Truck Structures said that this marks company's authorized establishment of authorized footprint in China. It also complements Alcoa's present aluminum casting abilities in the United States and Europe.

As per an automotive industry expert, China's automotive industry has seen a unique growth during the last few years. This growth was expected from a country with a steadily growing economy for the past 15 years and vast consumer base.

RNCOS research "
China Automotive Industry Forecast (2006-2010)" has observed that China's entry into the World Trade Organization (WTO) agreement in the year 2001 gave a major thrust to its automotive industry. The industry, which was growing at the rate of around 12% prior to the signing of the agreement, peaked to levels of around 40% within 2 years.

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