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.