Zhongwang Group was awarded "Model Enterprise of Manufacturing Single Champion"

    Recently, the Ministry of Industry and Information Technology and the China Federation of Industrial Economics issued the Circular on Publishing the List of the Second Batch of Manufacturing Single Champion Enterprises and Single Champion Products. Liaoning Zhongwang Group Co., Ltd. ranked on the list and became a single champion demonstration enterprise.

    It is understood that the selection of individual champion enterprises in manufacturing industry led by the relevant departments of the above-mentioned countries aims to implement Made-in-China 2025, guide manufacturing enterprises to concentrate on intensive cultivation in the field of subdivided products, cultivate and upgrade more global single champions in manufacturing industry, and promote China's industry as a whole to move towards the middle and high end of the global value chain.

    For more than 20 years, Zhongwang Group has been committed to lightweight development in transportation, machinery and electrical engineering. After many years of development, Zhongwang Group has the comprehensive supporting advantages of gold casting, die design, advanced equipment and product research and development, highlighting its incomparable comprehensive advantages and unique core competitiveness in the industry, representing the industry to show the strength of Chinese manufacturing to the world.

    Leading the market with technical strength

    It is understood that enterprises participating in the evaluation of "single champion demonstration enterprises" must meet two basic requirements, one is "single", enterprises mainly engage in one or two specific market segments, and long-term "intensive cultivation" in relevant fields; the other is "champion", requiring enterprises to have a strong market position and a very high market share, and the market share of individual products is in the forefront of the world.

    Winning the "manufacturing individual championship demonstration enterprise" requires strong technical strength. Zhongwang Group is not only the representative of domestic high-end manufacturing enterprises, but also the leading enterprise in the global industry, and has maintained a good and steady development trend for many years. In 2017, Zhongwang, a listed company, realized a revenue of 19.46 billion yuan and a profit of 3.87 billion yuan, an increase of 33.1% over the same period last year.

    According to Antaike's data, by the end of 2016, Zhongwang Group had a 9.9% market share in the domestic industrial aluminium extrusion product field, and the remaining 9 of the top 10 aluminium extrusion enterprises had a total market share of 8%. Zhongwang Group maintained its absolute leading edge in the industry.

    Docking "Made in China 2025" to the World through International Mergers and Acquisitions

    In the "Made in China 2025" action plan, building an internationally competitive manufacturing industry is the only way for China to enhance its comprehensive national strength and build a world power. To select the single champion of manufacturing industry is to guide enterprises to focus on innovation and quality improvement, and let more "single champions" lead China to the world.

    Over the years, Zhongwang Group has been playing a steady role in the domestic market and has a clear idea of overseas development. In addition to Germany, Belgium, the Netherlands, the United Kingdom and other countries and regions, focusing on the development of the relevant regional aluminum market, Zhongwang of China has also deepened the layout of international mergers and acquisitions to further "compete" in the global market.

    On September 13, last year, Zhongwang announced that it would acquire the controlling right of Germany's high-end aluminium extrusion enterprise, Germany Una Aluminum Co., Ltd. (hereinafter referred to as Una Aluminum), through its indirect wholly-owned subsidiary company, to accelerate its business expansion in aviation, automobile and other fields. Established in 1914, the main products of Una Aluminum are seamless tubes, shunt extrusion tubes and other high value-added aluminium alloy extrusion products. Its products are widely used in aviation and automotive industries, and its main customers include Airbus, Boeing, Bombardier, Mercedes-Benz, BMW and other world-renowned manufacturers.

    On October 26 last year, Zhongwang of China announced that it would acquire the controlling right of Silver Yachts Ltd., an all-aluminium superyacht manufacturer based in Australia, to further expand the application of aluminium alloy materials in the field of navigation. Silver Yachts is currently a leading company capable of designing and producing large-scale all-aluminium alloy superyachts over 70 meters. Its main customers include members of the royal family of the Gulf countries and well-known high-tech entrepreneurs in the United States.

    Industry experts believe that the two companies acquired by Zhongwang in China are highly complementary to Zhongwang in terms of business. With the synergistic effect of the two acquisitions, Zhongwang's future development potential will gradually be released.

    "Quality Revolution" Promotes the Upgrading of Manufacturing Industry

    At present, China's economic development has changed from "quantitative change" to "qualitative change". In order to move from a manufacturing power to a manufacturing power, China urgently needs a "quality revolution" in the field of manufacturing. However, China's manufacturing industry is still in the middle and low-end of the global value chain division of labor, there is a "big but not strong" problem. From large to strong, the manufacturing industry should not only develop a number of world-class leading enterprises, but also cultivate a number of single leading enterprises that focus on specific areas of manufacturing industry for a long time and can lead the development of this field and occupy a leading position in the market.

    One of the characteristics of the "single champion of manufacturing industry" is to take technology as the fulcrum and work hard on product innovation to promote the upgrading of manufacturing industry. Zhongwang Group has already put intelligent manufacturing on its agenda, continuously increasing investment in scientific research and innovation, increasing the proportion of high value-added products, and transforming to high-end manufacturing. It is understood that Zhongwang Group has set up an enterprise technology center as early as 1998. It invests a lot of money in scientific and technological research and development every year. It actively cooperates with universities and research institutes to make breakthroughs in the development of high-end products. It covers many application fields such as aviation and rail transit. With its leading technology, Zhongwang Group products are widely distributed in major global markets.

    With the continuous improvement of comprehensive strength, Zhongwang Group itself is also seeking greater breakthroughs.