Liaoning’s China Zhongwang Group has recently signed the first sales contract of aluminium alloys hob for automobiles wheel hub, successfully developed a new sales segment for the Group.

Along with the rising call of reducing automobile energy consumption and the more stringent safety and environmental protection regulations, the development of light-weight automobiles becomes more severe. With the advantages of light-weight, high strength, reasonable price and high recycling rate, aluminum alloys has significant implications on the reduction of automobile weight and oil consumption, easing environmental pollution and improving the operating performance. These make aluminum alloys become “raw material of first choice” for automobile industry.

Aluminum alloys hob has a lot of advantages such as fast heat dissipation, good damping performance, long lasting tyre, safety and reliability as well as elegant appearance etc. According to industry data, the annual global production output of aluminum alloys hob has reached over 100 million, and the global market demand of the number of hob is expected to hit 250 million in 2014. This huge market potential will surely stimulate the development of aluminium alloys hob industry.

The Group will actively develop the market of aluminum alloys for auto supplies following the expansion of sales of industrial aluminum. The signing of the aluminum alloys hob sales contract is another breakthrough for the Group after getting the production order of aluminum alloys for auto supplies which undoubtedly is a milestone for the Group.