Zhongwang revealed in its Q3 report that its first production line of aluminum rolled products in Tianjin has been officially put into operation. It mainly produces high-quality aluminum plate and strip products for transportation, industrial equipment, and chemical containers.

Zhongwang Group’s sales revenue in the first three quarters hit 12.71 billion yuan ($1.92 billion), an increase of 12.5% over the same period last year. Notably, its aluminum form business has been growing rapidly and reached a total of 6.19 billion yuan ($938 million) in the first three quarters, accounting for 48.7% of the total revenue.

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