Mr. Lu Changqing, Executive Director and Vice President of Zhongwang said, “ We believe Olympus Capital, as our partner, will provide important support for Zhongwang’s sustained growth in industrial aluminum profile production and continued improvement of corporate governance. In addition, Olympus Capital will continue to support us as Zhongwang explores new markets, both domestic and international, and seeks vertical integration opportunities in the future.”

 

“ .. With the efforts of the management team, and given Zhongwang’s position as the largest and one of the most profitable industrial aluminum extruders in China, we are very confident that Zhongwang will continue to maintain its competitive positioning in the industry,” said Edan Lee, Managing Director of Olympus Capital in China.

 

This is the third investment in China by Olympus Capital, prior investments include the Sichuan Emeishan Special Cement Co.; China Minzhong, and Tamarisk.