30 AUGUST 2011China Aluminium Network
CHINA ZHONGWANG - Never Give Up USA Market, Annual Order 400 Thousand Ton
Edited by : AL CIRCLE
1 min read
Performance of CHINA ZHONGWANG (01333.HK) with help of Chinese market helped it gradually cope with the downturn from America’s antidumping and countervailing investigation.
Lu Changqing, executive director and vice president of CHINA ZHONGWANG said,that since the group will increase high-end products proportion, especially series 2.4.5 and 7 aluminum alloy profiles,H2 group gross margin rate will continue to pick up. Meanwhile, they will establish deep processing technology team to elevate group gross margin rate.
Also, CHINA ZHONGWANG will enlarge export proportion, and not give up America market which has large development space. During H1, the group’s orders reached 180 thousand ton, while the annual order was about 400 thousand ton. Now, CHINA ZHONGWANG and General Motors Corporation are together to study and develop aluminum motors.
Lu Changqing, executive director and vice president of CHINA ZHONGWANG said,that since the group will increase high-end products proportion, especially series 2.4.5 and 7 aluminum alloy profiles,H2 group gross margin rate will continue to pick up. Meanwhile, they will establish deep processing technology team to elevate group gross margin rate.
Also, CHINA ZHONGWANG will enlarge export proportion, and not give up America market which has large development space. During H1, the group’s orders reached 180 thousand ton, while the annual order was about 400 thousand ton. Now, CHINA ZHONGWANG and General Motors Corporation are together to study and develop aluminum motors.
Previous article
Metallurgical Arc joining of steel and aluminium to make hybrid sheets
Next articleARMENAL’s output makes 13,110 tons in first half of 2011
Grow with
AL Circle
