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Hai'an company increases revenue amid market recession

en.nantong.gov.cn

Updated: 2020-05-29

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Production lines operated by Asia-Pacific Light Alloy (Nantong) Technology Co in Hai'an, Nantong [Photo/WeChat account: hafbwx]

Asia-Pacific Light Alloy (Nantong) Technology Co based in Hai'an, Nantong received nearly 400 million yuan ($55.99 million) in sales revenue in the first four months of this year, up 6 percent year on year, while the domestic sales of automobiles dropped by 40 percent.

The company is a renowned manufacturer of automobile components and aluminum alloy and is dedicated to technological innovation. It has set up a provincial technological research center which boasts 10 invention patents and over 80 practical patents.

Its nanoscale aluminum alloy extrusion technology, which is applied to the bodies of cars, has been listed among the major projects of the National Natural Science Foundation of China and has received support to further develop the technology.

According to Pu Jianying, general manager of the company, it has developed industry-college-research cooperation with Central South University, Shanghai Jiao Tong University and Jiangsu University. 

Also, its high-performance aluminum alloys are widely used in several famous automobile companies, such as Mercedes-Benz, BMW and Audi, and its domestic market share is between 70 to 80 percent.

Pu added that the company is strengthening its technological research and expanding business in fields with high added value. In the future, it is expected to enhance development of aerospace products.