The second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia and China, China Zhongwang Holdings Limited, ("China Zhongwang" or "the Company", together with its subsidiaries "the Group"; Stock code: 01333) announced that it has obtained the IRIS Certification 2011 which recognizes China Zhongwang's compliance with international standards in railway industry. This is the second consecutive year the Company has been awarded IRIS Certification since 2010.
Established by the Association of European Railway Industry (UNIFE), International Railway Industry Standard (IRIS) is a quality management and assessment system of railway industry. IRIS quality management system conforms to the laws and regulations of countries along the major international routes. Supported and promoted by the four major system manufacturers, Bombardier Inc., Siemens, Alstom and AnsaldoBreda, IRIS has achieved growing influence worldwide and has become a globally authorized quality assessment and management system for the railway industry.
To obtain the IRIS certification, manufacturers have to pass a field audit. Conducted by AFNOR Group, the audit is performed in strict accordance with the standard of IRIS 02 edition, covering management processing, human resources management, training scheme, infrastructure, contingency planning, warehouse management, quality inspection, physical and chemical testing, work environment, product control, data analysis and improvement, cost management control, etc. During the audit period, AFNOR affirmed China Zhongwang's efforts and outstanding achievements in IRIS certification.
About China Zhongwang Holdings Limited
China Zhongwang is the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia and China. Headquartered in Liaoning province, China, the Group has, over the years, committed itself to the energy-saving and light-weight development of, amongst others, transportation, machinery equipment and electric power engineering sectors through the provision of high quality industrial aluminium extrusion products.
After 18 years of dedication and hard work since its founding in 1993, the Group owned 75 leading aluminium extrusion production lines in the world as at 30 June 2011, of which the 125MN oil-driven dual action aluminium extrusion press is one of the largest and most advanced presses in China and in the world. It has built the world's leading aluminium tilt smelting and casting equipment in the industry, as well as the largest customised industrial aluminium extrusion product die design and manufacturing centre in Asia. The Group's annual production capacity as at 30 June 2011 was approximately 700 kilotonnes. The close coordination among the processes, namely product development, smelting and casting, die and extrusion, and the advanced technologies applied is the Group's important source of competitiveness and outstanding features.
The Group is principally engaged in the production of high precision, large-section and high value-added industrial aluminium extrusion products which are widely used in the transportation sector (including railway passenger and cargo carriages, metropolitan rails, automobiles, heavy trucks, vessels, aviation and aerospace) as well as machinery equipment and electric power engineering fields.
In order to consolidate its leading position in the industrial aluminium extrusion industry, the Group will continue to focus on sectors such as transportation, machinery equipment and electric power engineering, with emphasis placed on the light-weight development towards the target of reducing energy consumption and achieving low carbon emission. In addition, the Group plans to extend its business into the high value-added aluminium flat rolled product segment. This new business venture will not only enable the Group to further capitalize on its leading edge in aluminium alloy smelting and casting and product research and development, but also achieve synergies with its existing business by taking full advantage of its customer and market resources in related downstream application sectors.
To sum up, the Group strives to become a driving force for light-weight development in China to build a new and brighter future.
