A total of five delegates from Consulate General of the U.S. in Shenyang, accompanied by officials from Liaoyang Municipal, visited China Zhongwang recently.
Mr. Scott Weinhold, Consulate General of the U.S. in Shenyang mentioned that more efforts will be put to push ahead the collaboration between China Zhongwang and enterprises from the U.S., with a view to achieving a greater degree of win-win situation.
China Zhongwang has been developing its deep-processing products since 2011, and has successfully extended its footprint to the overseas market. In the first half of 2011, China Zhongwang established its deep-processing technology team, as well as completed the construction of industrial aluminium extrusion product deep-processing centre. With the deep-processing centre putting into operation in 2013, the Group has successfully manufactured high value-added deep-processing products such as all aluminium made fire truck, garbage truck, semi-trailer, tanker, as well as railway vehicles compartment etc.
In line with the central government policy, China Zhongwang has been actively developing its high-end products and expanding the overseas market. According to the“Special Development Plan for the Aluminium Industry during the 12th Five-Year Period” (the “Plan”) issued by Ministry of Industry and Information Technology of the PRC, the central government would like to further develop the deep-processing industry, with an attempt to increase the revenue of high-end products to aluminium products from 8% in 2010 to 20% in 2015. Under the Plan, China proactively develops sectors such as high-speed railway, marine engineering, aviation and aerospace etc. It is expected that growth potential of high-end aluminium products in the overseas market is tremendous.