Liaoning Zhongwang Group was recently granted by Liaoning Municipal Government the title of “Advanced Export Enterprise in 2015”.
Pei Weidong, Mayor of Liaoyang City, highly appraised the contribution of Liaoning Zhongwang to the stable growth of the city’s export.
Liaoning Zhongwang Group fit to the new normal economic development in 2015, and improved the competitiveness of its products by enhanced R&D. Benefited from the optimization of its product mix and capacity, China Zhongwang developed new high value-added products in aluminium extrusion, deep-processing and flat rolling businesses. The products are well recognized in overseas markets, which makes China Zhongwang on top of the exporters in the city.
According to Zhongwang’s 2015 annual report, profit from overseas markets was RMB2.37 billion, increased y-o-y by 9%. In terms of geographic region, the Company’s overseas clients are from the U.S., Germany and the U.K. etc. Since China Zhongwang actively explored other overseas markets except the U.S., sales revenue from Germany, the U.K., and other foreign countries increased by 88.7% from RMB313 million in 2014 to RMB591 million in 2015.
“Application of industrial aluminium extrusion products in Europe and the U.S. are mainly in high-end and advanced products, which provides helpful guidance to our judgment on market trend and locate R&D efforts.” said a representative from Zhongwang, “China Zhongwang will continue expanding its overseas markets, to strengthen the global competitiveness, while enhance the Company’s judgment on market outlook.”
