国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Zhongwang aluminum output line to be on stream by the end of year

By Wu Yong and Zhang Min (China Daily) Updated: 2016-09-02 10:03

Firm says new Tianjin facility to help firm tap energy-efficient lightweight auto market

China Zhongwang Holdings Ltd, Asia's biggest aluminum extrusion product manufacturer, said the first production line of its Tianjin plant will go on stream by the end of this year, which will help the firm tap the prosperous lightweight auto market.

The 32 billion yuan ($4.79 billion) project will mainly produce aluminum flat rolled products, which are widely used in transportation and aerospace industries. Its annual output at full capacity will be 1.8 million metric tons.

"In the future, we will upgrade from a supplier of aluminum products to a supplier of comprehensive lightweight solutions. The high-end products will account for 80 percent of our revenue in five to eight years," said Zhongwang executive director and president Lu Changqing.

Data from the Ministry of Industry and Information Technology showed that Chinese automakers consumed 3.12 million tons of aluminum alloy products last year, a year-on-year 3.2 percent increase. The estimates are that China, as the world's fastest-growing market, will consume 14 million tons of the material in 2020, accounting for as much as half of the global consumption.

Industry leaders say that ever increasing demand for energy-saving and emission-reducing measures is pushing automakers to look for alternative material and technology.

"Aluminum alloy is one of the major choices to reduce auto weight, and, therefore, the consumption of gasoline," said Chen Quanxun, chief of China Nonferrous Metals Industry Association.

"We can expect such companies to benefit from the trend in the following decade," Chen added.

Chery Jaguar Land Rover Automotive launched its new car with a body using up to 75 percent aluminum alloy this April. The new model thus is 40 percent lighter than the previous generation. Other big names that have joined in similar moves include Ford, Audi and General Motors.

Zhongwang USA LLC announced on Monday it would buy Aleris, a US aluminum company that is in the midst of project to produce automotive body sheets for Ford.

Zhongwang indicated that the new plant had passed the quality management system certification of the automobile and aviation industry and even started providing samples for some automakers. But, it declined to give more information about the clients.

Sources close to the company disclosed that it had set up cooperation with such automakers as Brilliance and FAW and even engaged in the development of a complete aluminum electric vehicle with Cherry Auto.

Hot Topics

Editor's Picks
...
仙游县| 故城县| 凤山市| 谢通门县| 广水市| 连江县| 镇巴县| 都昌县| 平利县| 宜丰县| 禄丰县| 北宁市| 绥阳县| 兴和县| 新野县| 区。| 扬州市| 资中县| 鸡泽县| 江山市| 广元市| 祁连县| 珲春市| 竹溪县| 临泽县| 鸡泽县| 建平县| 瑞昌市| 沅陵县| 芒康县| 舟曲县| 台南市| 中阳县| 林口县| 青阳县| 义马市| 大英县| 康马县| 龙陵县| 工布江达县| 乐清市|