Inner Mongolia, PRC
2025
Acquired
Portfolio
Founded in 2012, Chuangxin Industries is an integrated aluminum conglomerate with $2.1 billion in revenue and $666 million in EBITDA in 2024. The Company, which listed on the Hong Kong Stock Exchange, comprises an alumina refinery in the Shandong Province and an aluminum smelter in the Inner Mongolia Province.
Following the $813 million Initial Public Offering of Chuangxin Industries, 50% of the IPO proceeds will be allocated to the construction of a new aluminum smelter and processing facility in Yanbu, Saudi Arabia. The other 50% will be invested into the continuous transition of the Company’s energy mix towards wind & solar power generation with the target to reach 50% renewable energy contribution by 2030, which in turn will significantly reduce its carbon footprint and energy cost structure.