30 million tons of ultra-high-precision aluminum and aluminum alloy processing materials project in Zhongwang, Liaoning Province settled in Daqing City

The highly-regarded Zhongwang entered the new high-end aluminum rolled material market strategy and made new substantive progress. After preliminary investigation and consultation, Daqing and Liaoning Zhongwang Group reached a cooperation agreement: Zhongwang Group invested 45 billion yuan to build an annual output of 3 million tons of ultra-high-precision aluminum and aluminum alloy processing materials project. It is expected that after six years, Daqing will become an international First-class aluminum processing material production base.

On August 13, Han Xuejian, Member of the Standing Committee of the Provincial Party Committee and Secretary of the Municipal Party Committee, met with Liu Zhongtian, Chairman of Liaoning Zhongwang Group Co., Ltd., at the No. 9 Hospital, and the two parties exchanged opinions on accelerating the start-up of the project. Han Xuejian said that Zhongwang Group is a leading company in the domestic and international industry, with strong scientific research strength, advanced production technology and well-known market brands. All along, Daqing and Zhongwang have always maintained good communication and Daqing highly appreciates the Zhongwang Group's high-tech, large-scale, export-oriented development strategy. The large-scale high-precision aluminum and aluminum alloy processing material projects jointly constructed by the two parties will surely promote Daqing to accelerate the realization of sustainable development, and it will surely create new operational benefits for Zhongwang Group. The local party committee and government of Daqing will spare no effort to serve the project construction and support the development of the enterprise and realize cooperation and win-win at an early date.

Liu Zhongtian stated that Zhongwang Group's establishment of a factory in Qing Dynasty originated from the superior development environment and vast development space in Daqing. Zhongwang Group has the determination and confidence to complete the production of large-scale, high-precision aluminum and aluminum alloy processing materials as soon as possible, and become a new economic growth point in Daqing.

Shen Hongyu, member of the Standing Committee of the Municipal Party Committee and deputy mayor, Ren Guisheng, deputy mayor, and Yang Yanbin, director of the High-tech Zone Administrative Committee attended the meeting.

It is understood that Liaoning Zhongwang Group Co., Ltd. is the world's third largest and largest industrial aluminum product manufacturer in Asia, with total assets of 24.6 billion yuan and an annual production capacity of 640,000 tons. In October 2010, Zhongwang Group decided to build an ultra-high-precision aluminum and aluminum alloy processing material project. After learning of this investment project intention, the main leaders of the municipal party committee and the municipal government went to the company's Liaoning headquarters to negotiate and made every effort to promote project introduction. The Zhongwang Group made an assessment of nearly 10 cities including Tianjin, Dalian, Liaoyang, and Daqing, and finally decided to invest in the project in Daqing High-tech Zone.

The project is planned to be implemented in two phases. The first phase will mainly build high-precision aluminum and aluminum alloy ingot production lines, hot rolling production lines, cold rolling production lines and supporting equipment and facilities to produce high-precision aluminum and aluminum alloy plates, strips and foils; During the period, it will mainly construct aluminum and aluminum alloy plates, strips, and foils deep processing production lines and aluminum profile production lines to further extend the aluminum processing industry chain. The project will start construction in the near future and it is expected that it will be completed and completed in 2017. By that time, annual sales income will exceed 100 billion yuan, tax revenue will exceed 10 billion yuan, and 10,000 jobs will be placed.

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