A delegation led by Mr. Lin Duo, member of the standing committee of CPC Liaoning municipal committee and secretary of the commission for discipline, visited China Zhongwang.

The delegation visited the mega-sized high-precision aluminum alloy processing project in Dengta Province, welding project for special carriages and trailers in China Zhongwang Special Vehicle Production Plant, aluminum deep processing project, production lines of deep-processed pallets and aluminium car body production plant in China Zhongwang.

Mr. Lin Duo said, “Economic development is relied on the support from industries, while development of industries is supported by projects. The large-scale projects invested by China Zhongwang not only encourages the organic development and upgrade of the company, but also encourages the industrial restructure and optimization of Liaoyang City and even Liaoning Province. These projects are key to the Province’s industrial restructure, therefore, both the Party Committee and Municipal Government need to provide high quality close service to contact parties like China Zhongwang under the concept that “Government creates environment, while enterprises create wealth”.”

China Zhongwang has three core businesses, namely industrial aluminum extrusion products, deep processing and aluminium flat rolled products. Based on the financial results for the first three quarters in 2015, China Zhongwang increased the percentage of high-end industrial aluminum extrusion products with high unit price, average selling price for the Group’s industrial aluminum extrusion products rose y-o-y by 5.8%. The design team set up last year successfully developed new aluminum products for transportation clients, including parts and car bodies, added to the product types in deep processing business. Moreover, the Group’s aluminum flat rolled products project in Tianjin is expected to commence production soon, it will mainly produce medium-to-high thickness aluminum plates to be used in chemical vessels and transportation sector including aviation and aerospace, vessels, commercial vehicles, special vehicles and railway etc.. The project will fill in the market gap of high-end medium-to-high thickness aluminum plates in China. Phase 1 of the project contains two production lines, the plant construction and equipment installation of the first line is completed, and is currently in the final stage of equipment testing.