China Nonferrous Metal Industry’s Foreign Engineering and Construction Company Limited (China)

 

 

According to the company’s website, established in 1983, China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) is a holding company of the China Nonferrous Metal Mining Group Company Ltd (China Nonferrous Metal Mining Group Website, accessed June 11, 2013).

The Middle East is a major market for NFC and the company considers Iran to be the center of that market, according to NFC’s website (NFC Website, accessed June 7, 2013).

Date: March 2006 - Unclear

Deal: An industry publication reported that China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC) received a $1 billion contract in March 2006 from Vahid Shirvan Aluminum Production Plant to construct an aluminum smelter in Iran (Mining Journal, March 31, 2006). The current status of the project is not clear.

Date: July 2007 – October 2009

Deal: According to NFC’s website, the company initially signed a €30 million contract with FATA in July 2007 to work as a sub-contractor on the Homozal (FATA) Aluminum Smelter Project. The smelter is located in Bandar Abbas and is owned by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). The project was completed in October 2009 (NFC Website, December 25, 2009).

Date: September 2011 - Unclear

Deal: China Scope Financial reported in September 2011 that China Nonferrous Metal Industry’s Foreign Engineering and Construction Company Limited signed a contract with Iranian Arabistan Aluminum Company valued at 5.96 billion yuan to build an electrolytic aluminum plant with a production ability of 175,000 tons per year in Iran (China Scope Financial, September 24, 2011). The current status of the project is not clear.

Date: January 2013 - Ongoing

Deal: The Wall Street Journal reported in January 2013 that China Nonferrous Metal Industry’s Foreign Engineering and Construction Company Limited signed a $712 million dollar contract to help build a steel plant in Iran. The plant is expected to be completed in four years and “the plant is expected to be able to produce 2 million metric tons of sponge iron and 1.5 million tons of steel billets a year” (The Wall Street Journal, January 16, 2013).

Ties to U.S. Business: According to USASpending.gov, China Nonferrous Metal Industry's Foreign Engineering and Construction Company Limited has not received any contracts from the Federal government (USAspending.gov, accessed April 17, 2013).