China Zhongwang
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| Hong Kong Listed Company | |
| Industry | Aluminium Processing |
| Founded | 1993 |
| Headquarters | Liaoyang, Liaoning, People's Republic of China |
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Area served
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People's Republic of China |
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Key people
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Chairman:Liu Zhongtian |
| Website | China Zhongwang Holdings Limited |
China Zhongwang Holdings Limited (Chinese: 中國忠旺控股有限公司) (: 01333) is the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia and China. The company is headquartered in the Liaoning province, China.
China Zhongwang is principally engaged in the production of high precision, large-section and high value-added industrial aluminium extrusion products which are used in transportation (including railway passenger compartments and cargo carriages, metropolitan subway and light rail, automobiles, heavy trucks, vessels, aviation and aerospace) machinery and equipment and electric power engineering sectors. The company focuses on three core synergistic businesses; industrial aluminum extrusion, deep processing and aluminum flat rolling. The three core businesses operate together on the basis of upstream and downstream resource-sharing.
China Zhongwang was founded in 1993. It now owns and operates over 90 aluminum extrusion production lines (including 21 production lines with large extrusion presses of 75MN or above). It has an annual production capacity of over 1.2 million tons. Adiditionally, it has ordered two ultra-large 225MN extrusion presses, one of which is expected to be fully installed by 2016. The company is responsible for building aluminum tilt smelting and casting equipment. China Zhongwang was certified by the Chinese government as a “State Accredited Enterprise Technology Centre,” a “State CNAS Laboratory,” Liaoning Engineering and Technology Research Centre, and Liaoning Post-Doctoral Research Centre.
In 2011, China Zhongwang expanded into the business of deep processing and has since then developed a range of deep-processed products, such as industrial aluminum pallets, aluminum high-speed train carriages for alpine regions, aluminum chassis for buses, as well as aluminum bodies and parts for passenger cars.
Since 2011, China Zhongwang has been in the process of realizing its value-added flat rolled product project. The flat rolling production base in Tianjin is in the final phase of equipment testing. Investment for phase 2 of the project is to be completed by 2018, with an annual production capacity of 3 million tonnes. It is slated to become the world’s largest aluminum flat rolling producRecent Developmentstion base.
In October 2011, China Zhongwang announced several major transactions related to the development of the synergistic aluminum flat rolled product business. It started the development of the project according to plan, and entered into a total of six equipment purchase agreements with three independent third party suppliers through two wholly owned subsidiaries. According to the agreements, China Zhongwang will invest approximately USD3.8 billion (about HKD29.5 billion) in total. The payment will be made in four installments between 2011 and 2014. The purchase consists of hot and cold continuous rolling mills for the production of medium-to-high thickness plate and sheet products; smelting and casting lines; quenching furnaces and heat treatment furnaces. They will also include the ancillary production of medium-to-high thickness plate and sheet products, and aluminum foil rolling mills, among others. The deal is the Phase 1 development of the aluminum flat rolled manufacturing base which will have an annual production capacity of 1.8 m
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