Zhongwang Limiting Aluminium Operations In Europe Due To COVID-19 Market Effects, Ongoing Anti-Dumping Investigations
A pair of sources alleging knowledge of the matter told Reuters on Monday that China Zhongwang Group is drawing down...
China Zhongwang Holdings Limited
Aluminium Extrusions Titan China Zhongwang Enters Bankruptcy Proceedings
The biggest aluminium extrusions producer in the People’s Republic of China and the second biggest in the world is now in bankruptcy proceedings, as a Chinese court has approved the application filed against China Zhongwang in September. A court in Shenyang gave...
European Commission Launches Anti-Dumping Investigation Targeting Chinese Aluminium Extruders
Late last week the European Commission announced that it has begun an official inquiry into allegations that aluminium extrusions producers...
China Zhongwang Reports 38.3 Percent Jump In Revenue During 2019’s Opening Half
Chinese aluminium extruder China Zhongwang released results for the first six months of 2019 late last week. The firm’s first-half...
Events
Zhongwang Seeks Legal Advice Over United States Criminal Charges Of US$1.8 Billion In Tariff Evasion
China Zhongwang responded to a United States criminal indictment against it and its controlling shareholder Liu Zhongtian on Sunday, saying that despite being served no official notice of the charges, the company has already sought out legal advice regarding the matter. In a filing made to the Hong Kong Stock Exchange, Zhongwang acknowledged the Federal […]
Zhongwang’s Liu Zhongtian Indicted By United States Government For Allegedly Evading US$2 Billion In Aluminium Tariffs
Aluminium behemoth China Zhongwang Holdings Ltd founder Liu Zhongtian has been indicted by the United States government on charges that he conspired to evade almost US$2 billion in import tariffs. According to the 53-page indictment, which was presented to a federal grand jury in January and filed on May 7 but first reported upon by […]
China Zhongwang Posts 74.1 Percent Jump In Revenue In 2019’s Opening Quarter
Chinese industrial extruded aluminium titan China Zhongwang Holdings Limited announced results for the first quarter late last week. Stronger demand for industrial aluminium during the quarter helped boost the firm’s bottom line in Q1. In the year’s opening three months Zhongwang reported a sales volume of 262,025 metric tons, up by 101 percent on the […]
Zhongwang’s Revenues Rise By Over 30 Percent On The Year In 3Q
China’s aluminium extrusions titan China Zhongwang Holdings Ltd. announced third-quarter results yesterday, turning in higher numbers across the board for both the quarter and the year’s first nine months. For the third quarter, Zhongwang sold 247,725 metric tons of product, up 23 percent on the year from last year’s third-quarter total of 204,170 metric tons. […]
China Zhongwang Inks Supply Contract With Jaguar Land Rover
China’s aluminium extrusions behemoth China Zhongwang Holdings Ltd. announced yesterday a partnership with British automaker Jaguar Land Rover Limited to supply aluminium extrusion products as a Tier-1 supplier. The partnership with Jaguar Land Rover is Zhongwang’s first with an automotive company outside the People’s Republic of China. Though no further information regarding the financial or […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
