All-China Federation Industry and Commerce announced the results of the “2013 China Private Enterprises 500”. China Zhongwang ranked 255th this year, up 39 spots over that of last year. The Company also ranked 163th on the “2013 Private Manufacturing Enterprises 500” list. 

 

China’s private enterprises grew steadily in terms of their size, tax contribution, and employees’ numbers in 2012. Manufacturing sector played a major role in advancing the economy and industry upgrade has been flexing its muscles. “2013 Private Manufacturing Enterprises 500” list reveals that a threshold was higher in 2012 than the past. The selected enterprises’ total revenue and total assets have increased steadily and significantly. The “2013 Private Manufacturing Enterprise 500” list aims to enhance the overall capability of China’s private manufacturing enterprises and encourage them to pursue innovation relentlessly. 

 

In 2012, China Zhongwang was focused on developing its aluminium extrusion and flat-rolled businesses. The Company sought to drive structural optimization through increased production volume and facilitate product upgrades through innovation while enhancing management and cost control. The Company strives to advance the lightweight development in transportation. With its technology breakthrough, the Company strengthens its new product development and extends its industry chain to enhance its competitiveness. All of these efforts put China Zhongwang in the league of China’s Private Manufacturing Enterprise 500. Such ranking demonstrates its development potential and broad prospects in manufacturing industry.