05 SEPTEMBER 2011China Aluminium Network
Output Value of Kingle Aluminium Estimated to Reach 3 Billion
Edited by : AL CIRCLE
1 min read
Yesterday, in the production workshop of Kingle Aluminium Technology Stock Co., Ltd, the automatic production lines were running in high speed and all the workers were working feverishly. It is because the company has just signed a one billion order for aviation aluminium and electronic aluminum. As a famous enterprise who was in difficult position half a year ago, Kingle now regains its vitality with the strong support from government at all levels. Since Kingle restarted its production in May, the output value of the company has hit one billion within a short period of more than 3 months.
Since 2007, due to the large investment in the fixed assets, there were difficulties in the operation of company’s working capital. However, under the help of the Changsha government, Kingle has become a cooperative partner of Hunan Nonferrous Metals Holding Group Co., Ltd. The two companies combine together their advantages in capital, products and market. Moreover, Hunan Nonferrous Metals Group invested 20 million in Kingle to boost its working capital and to help it increase scale of production. It is estimated that Kingle would reach its output value of 3 billion this year.
Since 2007, due to the large investment in the fixed assets, there were difficulties in the operation of company’s working capital. However, under the help of the Changsha government, Kingle has become a cooperative partner of Hunan Nonferrous Metals Holding Group Co., Ltd. The two companies combine together their advantages in capital, products and market. Moreover, Hunan Nonferrous Metals Group invested 20 million in Kingle to boost its working capital and to help it increase scale of production. It is estimated that Kingle would reach its output value of 3 billion this year.
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