HONG KONG, Oct. 3, 2011 /PRNewswire-Asia/ -- China Zhongwang Holdings Limited, ("China Zhongwang" or "the Company", together with its subsidiaries "the Group"; Stock code: 1333), the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia and China, received "2011 Top 10 Influential Enterprises on Chinese Management" award. Manager is one of the most influential media on business management in China. Nominated, recommended and reviewed by industry experts and independent third advisory parties, China Zhongwang was the only enterprise in the industrial manufacturing sector to receive the honor.
Committed to the light-weight development for a greener world, China Zhongwang stood out from its peers as seen from its accomplishments in enhancing technology leadership and implementing strategies to develop high value-added and deep processing industry chains. The Group's outstanding performance with respect to management innovation, capital operation and strategic planning make it a role model of bringing inspirations to manufacturing enterprises, impacting management practices in China.
In 2003, China Zhongwang identified the market potential of industrial aluminium extrusion products and took the lead to adjust its strategies. The Group successfully transformed itself from a manufacturer of civil-use aluminium products to one that produces high value-added products for industrial use, marking the first business transformation in its history. In conjunction with the fast growing global economy and innovative science and technology, the market potential of aluminium extrusion products in the industrial field is enormous.
In 2011, China Zhongwang actively adapts to an ever-changing market. Apart from the marketing strategy of 'focusing on the domestic market, having overseas export as supplement', the Company aims at developing high value-added aluminium flat-rolled products.
According to its business plan, an aluminium flat-rolled product manufacturing bases with annual capacity of 3 million tonnes will be developed in Tianjin, Daqing City and Panjin City in phases. The 1st phase of the project will be put into production in 2014 and is expected to achieve full capacity in 2018. The development of aluminium flat-rolled products and China Zhongwang's successful experience in industrial aluminium products will generate significant synergies in procurement, technology and marketing. The development of the extrusion and flat-rolled businesses will contribute to the second transformation of China Zhongwang.
Ms. Li Beibei, Director of Public Affairs of China Zhongwang, said at the award banquet, "China Zhongwang's achievements lie in its advanced production equipment, leading technology know-how, broad vision, innovative business culture and insightful management practices. We will continue to focus on the light-weight development of transportation, machinery and equipment and electric power engineering sectors, actively boosting our leading position in industrial aluminium extrusion product industry and developing high value-added aluminium processing industry chain, aiming to become the world's top high-end aluminium processing product developer and manufacturer."
About China Zhongwang Holdings Limited
China Zhongwang is the second largest aluminium extrusion product developer and manufacturer in the world and the biggest in Asia and China, primarily focusing on, among others, the light-weight development of transportation, machinery equipment and electric power engineering sectors. Headquartered in Liaoning province, China, the Group is specialized in the provision of quality industrial aluminium extrusion products which meet stringent specifications and quality standards.
The Group, founded in 1993 with 17 years of concentration and efforts, owned 75 world-leading aluminium extrusion production lines as at 30 June 2011, of which the 125MN oil-driven dual action aluminium extrusion press is one of the largest and most advanced presses in China and even in the world. It has built the world's top aluminium tilt smelting and casting equipment in the industry, as well as the largest customized industrial aluminium extrusion product die design and manufacturing centre in Asia. The Group's annual production capacity as at 30 June 2011 was approximately 700 kilotons. The close coordination among product development, smelting and casting, die and extrusion and the advanced technologies applied in those processes are the Group's important source of competitiveness and outstanding feature.
The Group is principally engaged in the production of high precision, large-section and high value-added industrial aluminium extrusion products which are widely used in the transportation sector (including railway passenger and cargo carriages, metropolitan rails, automobiles, heavy trucks, vessels, aviation and aerospace) as well as machinery equipment and electric power engineering fields.
