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China’s leading manufacturer of superalloy and titanium alloy precision forgings signs long-term supply contracts with GE and Rolls-Royce Hay:T03WXPK

On the evening of August 29, China’s leading manufacturer of high-performance alloy precision forgings: WXPK Advanced Materials Technology Corporation released its 2021 semi-annual report. The company achieved operating income of 1.764 billion yuan in the first half of the year, an increase of 82.14% over the same period last year; The net profit of shareholders of listed companies was 286 million yuan, an increase of 81.68% over the same period of the previous year.

WXPK is committed to R&D and manufacturing of high-performance alloy high-precision forgings, magnesium alloy ring forgings, ring forgings, free forgings and medium and small die forgings of various high-temperature alloys, titanium alloys, aluminum alloys, magnesium alloys, heat -resistant steels, stainless steels, alloy steels, and carbon steels.


The alloy material covers all the materials used in China's current aero-engine and gas turbine ring parts…


The report shows that in the first half of 2021, the company will focus on the development of aviation, aerospace, new energy, and the strategic goal of replacing imports.


It can be seen from the layout characteristics of the global forging field that China's high-end forging industry continues to improve and the trend will not change. A strong country needs the support of major projects and key projects, especially in the areas of national defense, energy security, and transportation. With the overall development of major fields such as wind power, construction machinery, thermal power, nuclear power, and aerospace, the forging industry is bound to play further Advantages of the supporting role of basic industries.

WXPK is currently one of the few companies in China that can supply ring forgings in high-end fields such as aviation, aerospace, and ships, and has entered China Aviation Development Corporation, China Aerospace Science and Industry Corporation, China Aerospace Science and Technology Corporation, China Shipbuilding Industry Corporation and China Shipbuilding Corporation. It is expected that there will be plenty of room for future improvement of military products. At the same time, with its excellent service capabilities and excellent product quality, the company is expected to continue to maintain a relatively rapid growth rate and drive continuous growth in performance in the face of the industry's booming industry.


Won a number of innovation awards, research and development capabilities maintain the industry's leading level


The company has always attached great importance to the research and development of new products, new technologies and new processes. Through years of research and development and accumulation, the company has mastered the overall precision rolling technology of special-shaped cross-section rings, special ring rolling technology, and super large diameter ring rolling technology. With a number of core technologies, it has strong product development and manufacturing capabilities, which can meet the stringent requirements of downstream customers for product quality and process design. At present, the company has 34 invention patents and is applying for 34 invention patents, which is at the leading level in the industry.

WXPK has established a joint technology platform with Wuhan University of Technology, Beijing University of Science and Technology, Huazhong University of Science and Technology, Institute of Metal Research of the Chinese Academy of Sciences and other colleges and universities. It has built post-doctoral research workstations and enterprise graduate workstations. The company's technology center is recognized as a "provincial enterprise engineering technology research center" "And "Provincial Enterprise Technology Center". In addition, the company has won the 21st and 22nd China Patent Awards Excellence Award, China Nonferrous Metals Association Science and Technology Progress First Prize, and was rated as an invisible champion enterprise in the field of high-performance alloy forgings by the Ministry of Industry and Information Technology of China.

Achieve cooperation with many high-quality customers


Industry qualifications and certifications are important signs of forging enterprises' comprehensive competitiveness, and whether they have corresponding qualifications is an important basis for customers to choose cooperative suppliers.


Over the years, in order to better seize the market, the company has continued to make efforts in its qualification certification, trying to create its own core competitiveness. At present, the company has obtained a number of qualification certifications. In terms of high-end equipment, the company has obtained a special equipment manufacturing qualification license (pressure pipeline components), passed the civil nuclear safety equipment license online publicity, and passed the ISO9001:2015 quality System certification, AS9100D aviation quality management system certification, API20B monogram certification, ISO14001:2015 environmental management system certification, etc. In terms of supporting military equipment, the company has obtained all relevant military product production license certification qualifications.


The company has reached a cooperative relationship with many leading companies. The company has now entered the supply chain system of leading China domestic companies in various fields such as China Aviation Development Corporation, China Aerospace Science and Technology Group, China Aerospace Science and Industry Corporation, China Shipbuilding Industry Corporation, and China Shipbuilding Corporation. ,


And has passed the global supply chain system certification of Rolls-Royce,GE Aviation, Mitsubishi Electric and Siemens…


in 2021, the company signed 11-year and 5-year long-term agreements with Rolls-Royce and GE Aviation, respectively, and formed a solid business cooperation relationship with such large-scale high-quality customers.

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