According to an authoritative forecast, the growth rate of Chinese industrial aluminum extrusion consumption is approximately 13% each year. It can be drawn that by 2016, China"s industrial aluminum extrusion consumption will reach 6,038,000 tonnes. In year 2020, this figure will soar to 9,461,000 tonnes, surpassing the global industrial aluminum extrusion consumption (ex China) of 4,760,000 tonnes. As such, the installation of large-tonnage aluminum extrusion presses becomes one of the core competitiveness to industrial aluminum enterprises.
China owns the most large-tonnage extrusion presses of 45MN and above in the world, accounting for 60 percent of the world total. Meanwhile the country also enjoys the highest quality of installation as more than 96% of large-tonnage extrusion presses were built after 2002. To put it succinctly,
China Zhongwang has the edge over the number and capacity of large-tonnage aluminum extrusion presses of 75MN and above. As shown by the statistics about large-tonnage aluminum extrusion presses of 75MN and above, China Zhongwang owns 21 units, four of which are 125MN horizontal oil-driven dual-action extrusion presses. In addition, China Zhongwang ordered two mega-size 225MN horizontal single-action extrusion presses in year 2012. The installation and production of such large machines will further consolidate China Zhongwang’s leading position in the high-precision, large-section industrial aluminum extrusion production.
China Zhongwang has recently completed large-tonnage aluminum extrusion line "expansion" project. This fully demonstrates the company’s emphasis on industrial aluminum business. There are a total of eight new large-tonnage extrusion presses installed, such as 75MN, 90MN, 125MN. Until now, these new facilities have already been put into trial operation. Industrial aluminium extrusion business being the core business of China Zhongwang, it consolidates existing foundation, and extend the value chain. With the gradual expansion of Chinese market in high-end large section industrial aluminum extrusion products, the investment in equipment will help China Zhongwang seize market opportunities.
National "Non-ferrous Metals Industry’s 12th Five Year Plan "(2011-2015)" has announced a number of policies regarding the industrial upgrade. These policies encourage the application of high performance aluminum materials, and drive the manufacturing sector towards high-end. Meanwhile, the acceleration of Chinese urbanization will bring a broader scope in high-end aluminum products utilization. As a result, it helps advance the development of
China Zhongwang industrial aluminum business.
