JIC Leasing has recently provided RMB 500 million to Zhong Wang Group under a finance lease to support its high-end aluminum projects. The lessee is Asia’s largest and the world’s second largest producer of aluminum products for industrial purposes, and is planning to fill a market with its value-added flat-rolled products.

High-end aluminum products are primarily used in hi-tech sectors such as aerospace, marine engineering, rail transportation and power equipment. Zhong Wang has successfully produced an array of aerospace-grade 7055 sheets. The company’s 4300mm ultra-wide alloy sheets are the widest flat-rolled aluminum ones ever produced in China, setting a new Asian record.