15 FEBRUARY 2017AlCircle.com
China Zhongwang says its facilities conform to the highest international environmental standards
Edited by : Beethika Biswas
2 min read
<p>A number of Chinese aluminium companies are facing stern protest by citizens over pollution issues especially in the north-eastern city of Daqing. China Zhongwang Holdings, a Hong Kong-listed company that is being targeted by the protests says its production facilities conform to the highest international environmental standards. The company however says that it has not yet decided on the proposed investment plan in a new plant.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/ZhongwangFeb15.jpg" alt="News" width="517" height="226" /><br />According to a press statement, in 2011, Zhongwang and the Daqing government agreed to collaborate on an aluminium plant that would be designed to produce 2 million tons of high precision aluminium and aluminium alloy per year. The proposed USD 6.7 billion plant was expected to create more than 30,000 jobs, according to a statement forwarded by Zhongwang’s media representative.<br /><br />In a separate statement, Zhongwang confirmed that it was a manufacturer of aluminium products which did not involve either mining or smelting operations, which are the most heavily polluting activities of the aluminium production chain.<br /><br />{googleAdsense}<br /><br />“Zhongwang is a socially responsible company committed to environmental protection and innovation,” the statement said.<br /><br />“As a mid-stream player, our production complies with international standards,” the statement added. The statement also confirms that most of its production equipment and plants were imported from overseas considering “international environmental requirements.”<br /><br />The project is still in the planning stages and a decision regarding the plant would be made based on an “internal study and other factors,” it said. The company feels that its current operations are not affected by the on-going protests. <br /><br />Zhongwang’s website describes the company as the “second largest industrial aluminum extrusion product developer and manufacturer in the world and the largest in Asia.” It has more than 90 production lines with a total annual production capacity of 1.2 million tons.</p>
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