Albany, NY -- (SBWIRE) -- 12/30/2014 -- In 2014, China was still the world's largest producer and consumer of aluminum profiles, accounting for 64.8%, 64.0% and 63.2% of global capacity, output and consumption, respectively. It is expected that output and consumption of aluminum profile in China will reach 18.43 million tons and 15 million tons in the year, up 13.98% and 7.45% from a year earlier, respectively, compared with year-on-year growth rate of 15.50% and 11.15% in 2013. A slowdown in industry growth was largely attributed to overall declining trend of aluminum prices and sluggish downstream demand since the financial crisis.

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In 2013, China consumed 4.69 million tons of industrial aluminum profiles, only 33.6% of total aluminum profiles consumption in the country, while architectural aluminum profiles took up 66%. However, driven by light weight trend of communications and transportation, industrial aluminum profiles consumption has increased steadily, with its proportion to total consumption rising from 24.1% in 2001 to 33.6% in 2013.

China Zhongwang Holdings Limited, the world's third largest, Asia's and China's largest industrial aluminum profiles manufacturer focusing on light weight in communications and transportation field, ranked the first with revenue of RMB12.311 billion in the first three quarters of 2014, up 12.60% against the previous year.

Four of seven companies in the table underwent year-on-year decline in revenue, mainly due to a drop in domestic aluminum prices, increase in operating expenses owing to commissioning of some companies' new projects, and depressed export demand. Besides China Zhongwang, Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. and Fujian Minfa Aluminium Co., Ltd. also saw year-on-year revenue growth, of which China Zhongwang and Jiangsu Asia-Pacific Light Alloy Technology primarily manufacture industrial aluminum profiles.

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