Aluminum Giant Prepares for Asian Move

US aluminium producing super-giant, Alcoa, is planning to relocate its Asia-Pacific headquarters from Japan to China as part of its efforts to shift its business focus to "where it has more investments."

"We are evaluating it right now, it is possible," said Joseph Muscari, executive vice-president of Alcoa's Latin America and Asia operations. But he declined to admit the move was meant to be a withdrawal from the Japanese market, adding "it has more to do with where we have more investment."