Lizhong Group: Actively Expanding Capacity Construction for Aluminum Alloy Wheels in Mexico and Thailand, and Developing Emerging Industrial Layout for Aluminum Alloy Materials
Li Zhiguo, Vice President and Board Secretary of Lizhong Group, stated that the company's capacity utilisation rate for aluminum alloy wheels and new functional master alloy materials is at a relatively high level within the industry, while the capacity utilisation rate for secondary cast aluminum alloy is relatively low due to the overall impact on the industry. To meet the company's continuously increasing orders for aluminum alloy wheels and mitigate international trade risks, the company is actively expanding its overseas capacity construction for aluminum alloy wheels in Mexico and Thailand. Meanwhile, the company is actively developing its layout for aluminum alloy materials in emerging industries to further enhance the capacity utilisation rate of its cast aluminum alloy business.
