CHINA ZHONGWANG Never Give Up USA Market, Annual Order 400 Thousand Ton

[China Aluminum Network] August 30,it is reported that performance of CHINA ZHONGWANG (01333.HK) gradually walk out of the downturn from America’s antidumping and countervailing investigation, with the help of Chinese market performance.

Lu Changqing, executive director and vice president of CHINA ZHONGWANG said£¬ since the group will increase high-end products proportion, especially series 2.4.5 and 7 aluminum alloy profiles, so during H2 group gross margin rate will continue pick up. Meanwhile, 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 reach 180 thousand ton, while the annual order was about 400 thousand ton. Now, CHINA ZHONGWANG and General Motors Corporation were together to study and develop aluminum motors.

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