Zhongwang Vigorously Develops Aluminum For Ships, And Continuously Expands Layout In Ship Market

China Association of the National Shipbuilding Industry recently estimated that international ship market will stay active in Q3 of 2019, and there will be a growth in demand for new ships. This growth will lead to increase in demand for aluminum alloy, an important type for shipbuilding, thus creating a new development opportunity for Zhongwang and other high-end aluminum companies.

Aluminum is a type of advanced material for shipbuilding and offshore engineering structure parts. Aluminum alloy has many strengths like light weight, outstanding mechanical properties and anti-corrosion property, which makes it the first choice for modern shipbuilding. The ships made from aluminum alloy are featured by many advantages including high speed, long service life, high load capacity and low maintenance cost.

As a world leading aluminum processing research manufacturer, Zhongwang Group has gained many international certificates including DNV, ABS, CCS, IRIS System Certification of UNIFE, EN15085 Welding system certification for rail vehicles and vehicle parts, ISO3834-2 International Welding Quality System Certification, International Automobile Industry Standard Certification, CE Certification, AS9100C Certification and ISO9001 Certification. Gaining international certificates has laid solid foundation for its going global. It is learned that Zhongwang’s products are mainly used for floor of hull, plate with reinforced tendon, upper structure of deck, part of living area on offshore oil platform and helipad on offshore oil platform.

In the meantime, Zhongwang actively expands international market through overseas M&A. In October, 2017, China Zhongwang announced that it acquired the holding power of Silver Yachts Ltd., a full aluminum alloy super yacht manufacturer based in Australia. This indicates Zhongwang’s market expansion in terms of the application of aluminum alloy in shipbuilding industry. It is known that SilverYachts is one of the leading companies in designing and manufacturing large full-aluminum super yacht. It is also the only company capable of designing and manufacturing over-70-meter full-aluminum-alloy super yacht. Its clients include royal family members of Gulf States and high-tech entrepreneurs of USA.

According to Zhongwang 2018 annual report, Silver Yachts is going to deliver a new super yacht in this year. Zhongwang is also making swift domestic layout. It cooperates with Silver Yachts to build a shipyard in Jiangmen of Guangdong, which is mainly for designing, developing and manufacturing full-aluminum-alloy yachts and commercial ship.