The Group was founded in ***3 with its headquarters based in
Liaoning Province, China. After more than *0 years of dedicated
development, the Group currently has *3 internationally
advanced aluminium extrusion production lines (including *1
production lines of large-scale aluminium extrusion presses of
*5MN or above) with an aggregate annual production capacity of
over 1 million tonnes. In addition, the Group has ordered two
ultra-large **5MN extrusion presses, which are the largest and
most advanced presses in the world, to be gradually put into
operation in ***5. The acquisitions will reinforce the Groups
leading edge in the production of high precision, complex
large-section industrial aluminium extrusion products.
Meanwhile, we have also built a world-leading aluminium tilt
smelting and casting facility which is closely linked with the
industry chain, as well as the largest customized industrial
aluminium extrusion product die design and manufacturing centre
in Asia. In ***2, the Group was certified by the Chinese
government as a State Accredited Enterprise Technology Centre.
The Groups unique core competitiveness in the industry lies in
the comprehensive strength of our four-in-one model, i.e. the
integration of smelting and casting, die design, advanced
equipment and research and development capability all under one
roof.
Moreover, our newly built deep-processing centre passed the
building safety inspection of the relevant government
authorities in June ***3 and duly commenced production. This
development will enhance our production capacity in
deep-processed products and lay a solid foundation for the
extension of our business scope to high gross margin business
of downstream products.
The Groups high value-added aluminium flat rolled product
project is progressing steadily as planned. At present, the
equipment purchase and land acquisition plans for the
preliminary phase of the project have been accomplished and we
have now started the tender process for different stages of
construction successively. Phase I of the project with
a designed annual production capacity of 1.8 million
tonnes is expected to gradually commence production in ***5, by
which time we will have initially achieved the goal of tapping
the high-end aluminium flat rolled product sector to become our
third core business complementary to and synergistic with the
existing industrial aluminium extrusion product and
deep-processed product businesses. The Company expects the
investment for phrase II of the project to be completed
by ***8, by which time the total designed annual
production capacity of 3 million tonnes will have been
realized.
The Group will continue to focus on light-weight development in
the transportation, machinery and equipment and electric power
engineering sectors that aims at reducing energy consumption
and facilitating low carbon emission. It will actively seek to
sharpen its edge in the industrial aluminium extrusion sector,
extend its reach to the high-end aluminium flat rolled product
business and develop aluminium deep-processing technologies,
working relentlessly to become the worlds top comprehensive
developer and manufacturer of high-end aluminium products.
