Zhongwang Group Targets to 750 Thousand Tons of Aluminum Profiles

(China Aluminum Network) Lu Changqing the president of China Zhongwang said compared with last January and February the sales revenue was increased largely in this year, hope the export sales may growth and will enlarge the sales of deep processed products to improve gross profit rate. Furthermore, the whole year’s sales target of aluminum profiles was 750 thousand tons, the figure in last year was 650 thousand tons.

He said the aluminum profile products’ price was down more than 10% year to date, expected the industry will maintain the situation of overcapacity. The decelerated growth of inland economy and decreased demand may continue to pull down price this year.

The designed capacity of Tianjin high value-added aluminum rolling project was 3000 thousand tons which will divided into two stages, the designed capacity for first stage was 1800 thousand tons and will start commissioning in 2015. The total investment of first stage was 30 billion Yuan, now has invested in more than 13 billion Yuan.

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