Recently, Wu Jie, the deputy general manager from Mongolia First Machinery Group, a member company in China North Industries Group Corporation, has paid a visit to China Zhongwang.
Mr. Wu Jie has highly praised the glorious achievements made by China Zhongwang over the past two decades. He is also impressed by the China Zhongwang’s powerful capability in terms of production, research and equipments. He adds that Mongolia First Machinery Group has developed into the largest manufacturing company in the region. Under China North Industries Group Corporation, the group has formed a diversification model with businesses on military product, railway, engineering and machinery, vehicles and vehicle parts. During its course of development, the group has shared an experience similar to China Zhongwang, thus promising a huge room for cooperation. He hopes that the two groups can make joint efforts to enhance the exchange and cooperation between them.
China Zhongwang has advanced its development in the field of high-end aluminium processing. Due to the innovative development and huge potential for high-end products such as rail transport, automobile and aerospace, the group has caught the eyeballs of a multitude of enterprises and markets. According to the 2015 first quarter financial report, net profit increased by 15.9% to RMB 580 million as a result of the growing proportion of high-end aluminium extrusion products. The first production line of Tianjin Zhongwang Aluminium Co., Ltd, and the most advanced aluminium plate production line in the world, after five years in preparation, will commence official operation by the end of 2015. As the most advanced production line in the world, it can produce aluminium thickness plate for extensive fields such as aerospace, ship, commercial vehicles, special vehicles, rail vehicles and chemical containers.