Source:《Jinghua news》

On 12 August, China Zhongwang, the second largest industrial aluminum extrusion product developer and manufacturer in the world and the largest in Asia, announced that the revenue from sales in domestic market increased by 94% in the second quarter, bringing the profit in the second quarter to 247 million, or an increase of 50% compared to the first quarter.

Mr Lu Changqing, Executive Director and Vice President of China Zhongwang, said that the rising revenue from sales in China helped alleviate the adverse impacts brought by the anti-dumping and countervailing duty investigations by the US in respect of certain aluminium extrusion products exported from China. China market has now become the major source of revenue and profits of the Group.

Moving forward, Zhongwang said that the Group is actively looking for new opportunities with high growth potential. The plan to enter the market of high value-added aluminium flat rolled products has been underway. This project has been earmarked as a priority undertaking of the Group. It is reported that the aluminium flat rolled products, mainly consisting of medium-to-high thickness plates, high-end foils and sheets, etc., are principally applied in sectors such as aviation and aerospace, vessels, railway transportation, automobiles, machinery equipment, packaging and electronics, etc.