February 13, 2009 (FinancialWire) -- Alcoa (NYSE: AA) (Current Market Cap: US$6.01 Bil.) said that it has formed a strategic cooperation agreement with the People's Government of Henan Province in China to jointly establish world class projects for the fabricated and primary aluminum industry.

Under the agreement, Alcoa will work with Henan as a strategic ally on identifying value adding projects for alumina, primary aluminum and aluminum fabrication facilities in the province. The Henan government will provide support for resource allocation, energy supply, development plans and policies needed to make Henan a globally competitive base for aluminum production.

Henan Province has 107 varieties of discovered mineral resources. Its bauxite reserves, which total 960 million metric tons, are the second largest across the country. It is the home to fourteen primary aluminum smelters, with a total capacity of 1.3 million mtpy, and seven alumina refineries with production capacity totaling over 2 million mtpy.

As part of the agreement, Alcoa and Henan will cooperate on the sustainable development of the aluminum industry, deploying energy-saving and emissions reducing technologies, bauxite residue disposal, and aluminum recycling, to achieve an integrated and sustainable growth in the region.

New York-based Alcoa is engaged in the production and management of primary aluminum, fabricated aluminum and alumina. The company serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets.

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