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Conglin Aluminum completed its restructuring and reconstruction

  • Categories:Industry News
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  • Time of issue:2020-06-24 09:12
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(Summary description)Recently, Conglin Aluminum Technology (Shandong) Co., Ltd. (hereinafter referred to as "Conglin Aluminum") announced to the public that the company has completed the reorganization of assets and business at the end of April 2020, and Anhui Conch Group has become the company’s major shareholder. Established aluminum processing companies are about to enter the new runway.

Conglin Aluminum completed its restructuring and reconstruction

(Summary description)Recently, Conglin Aluminum Technology (Shandong) Co., Ltd. (hereinafter referred to as "Conglin Aluminum") announced to the public that the company has completed the reorganization of assets and business at the end of April 2020, and Anhui Conch Group has become the company’s major shareholder. Established aluminum processing companies are about to enter the new runway.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-06-24 09:12
  • Views:
Information
Recently, Conglin Aluminum Technology (Shandong) Co., Ltd. (hereinafter referred to as "Conglin Aluminum") announced to the public that the company has completed the reorganization of assets and business at the end of April 2020, and Anhui Conch Group has become the company’s major shareholder. Established aluminum processing companies are about to enter the new runway.
 
 China Nonferrous Metal Processing Industry Association learned from Conglin Aluminum that as early as November 2018-January 2019, senior leaders of Anhui Conch Venture Capital Co., Ltd. and Bank of China Trust Holdings Group Co., Ltd. went to Conglin Group to negotiate investment matters. Conduct preliminary due diligence on companies in the aluminum industry and hire an accounting firm to conduct a comprehensive inventory of their assets. In mid-November 2019, senior leaders of Conch Venture Capital and Bank of China Trust Holdings Group conducted a comprehensive investigation of the Conglin Aluminum Aluminum Industry Sector. In late November, the three parties reached investment intentions and were jointly acquired by Conch Venture Capital and Bank of China Trust Holdings Group. In the aluminum industry sector of Conglin Group, Conch Venture Capital Company accounted for 98%, and Bank of China Trust Holding Group accounted for 2%.
 
 Conglin Aluminum is a comprehensive company specializing in the production of high-end industrial aluminum alloy profiles and the R&D and manufacturing of lightweight equipment. The company was formerly known as the aluminum processing industry sector of Conglin Group Co., Ltd., located in Longkou City, Shandong Province, and now has 6 subsidiaries and more than 1,700 employees. As a domestic enterprise specializing in the R&D and manufacturing of high-end industrial aluminum profiles and lightweight equipment, Conglin Aluminum currently has 15 large-scale aluminum extrusion production lines, 8 aluminum alloy automatic welding production lines, 6 large-scale five-axis CNC machining centers and other advanced production processing Equipment, leading products cover aluminum alloy rail transit car body materials and components, lightweight commercial vehicles, auto parts, special ships, aluminum structure engineering, construction templates and other fields, including CRRC, Alstom, Bombardier, China It is the main supplier of well-known domestic and foreign companies such as Ji, Denmark Maersk, JD Logistics, SF Express, Yunda Express, YTO Express, etc., and is a leading enterprise in domestic high-end industrial aluminum and deep processing.
 
Conglin Aluminum has national, provincial and ministerial-level scientific research platforms and high-tech enterprises such as nationally recognized laboratories, post-doctoral scientific research stations, provincial industrial aluminum profile engineering technology research centers, provincial high-performance aluminum alloy structural materials enterprise key laboratories, and provincial industrial design centers 4 companies have successively obtained 46 national invention patents, presided over the formulation of 4 national and industry standards, participated in more than 20 related standards, won 1 first prize, 1 second prize of national science and technology progress, provincial and ministerial science and technology awards and 15 honors and established a scientific and efficient technology research and development system.
 
Under extremely difficult circumstances, the company successfully secured important customers and orders for the French Alstom rail transit project, the lightweight van logistics vehicle of the "four links and one reach" enterprise, and the Hong Kong Customs high-speed interceptor boat. The market influence has created favorable conditions for the future development of the industry.
 
Anhui Conch Venture Capital Co., Ltd. was established in November 2002. It was established in accordance with the requirements of the Anhui Provincial Party Committee and the Provincial Government for the restructuring of Anhui Conch Group. The Trade Union Committee of Anhui Baimashan Cement Plant, Wuhu Conch Profile Technology Co., Ltd. and 8 natural persons jointly funded the establishment with a registered capital of 1.5 billion yuan. The headquarters is located in Wuhu City, Anhui Province. It has become a group company with more than 40 subsidiaries. With assets of more than 20 billion yuan, its subsidiaries are located in Anhui, Shanghai, Shandong, Zhuhai, Hong Kong and Indonesia, and the total number of employees is more than 4,000. The group adopts a sector-based management model, and its operating industries involve international trade, cement and building materials, modern logistics, medical services, real estate, hotel and catering, securities investment, aluminum and other fields.
 
With Conch Venture Capital's entry into Conglin Aluminum, it means that Conch Group, one of the world's top 500 companies and one of China's largest building materials enterprise groups, has become the actual controller of Conglin Aluminum. Conch Group was established in 1996. It mainly operates two listed companies, Conch Cement and Conch Profiles, and has more than 390 subsidiaries located in 24 provinces, municipalities and autonomous regions and 20 overseas countries and regions. Its business industries involve cement manufacturing, chemical building materials, and international Trade, energy saving and environmental protection new materials, engineering construction, modern service industry and other fields. At the end of 2019, Conch Group had total assets of 223.3 billion yuan, operating income of 220 billion yuan, and more than 50,000 employees. In 2019, it achieved a profit of 43 billion yuan, accounting for more than half of the total profit of Anhui province-owned enterprises and nearly a quarter of the total profit of the national cement industry. Conch Group has been among the top 500 Chinese companies for 15 consecutive years, ranking 105th among the top 500 Chinese companies in 2019 and 38th among the top 500 Chinese manufacturing companies. In 2019, the group entered the world's top 500 with an operating income of 28.499 billion U.S. dollars, ranking 441th.
 
In the future, Conglin Aluminum will continue to expand and strengthen the aluminum alloy finishing industry, and will firmly grasp the major strategic opportunities of "Made in China 2025" and economic and social transformation and development, and build the company into a world-class high-end industrial aluminum and Lightweight equipment R&D and manufacturing enterprises.
 
 
 
——Transfer from China Nonferrous Metal Processing Industry Association

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