PROCESS OF MERGES AND ABSORPTION OF THE COMPANIES OF NONFERROUS METALLURGY IN CHINA

Abstract

From the beginning of the XXI century nonferrous metallurgy of thePeoplesRepublicofChinadeveloped with a rapid speed, what has allowedChinato turn into the largest manufacturer and consumer of nonferrous metals. The financial crisis all over the world has made less impact in China than in other countries. In China in 2009 production of nonferrous metals has increased. Stability of development in China in certain degree is guaranteed by taking off of the Program of industry reconstruction, according to which the large Chinese metallurgical companies have successfully done and continue to do some deals on M&A, therefore in China there have been formed some largest metallurgical corporations which give 33 % of gross output of the industry. So it is necessary to analyze the M&A process of these companies of nonferrous metallurgy in China on the experience of successful development of the Aluminum Corporation of China.