CITIC Dicastal Co., Ltd.

Company Profile

■URL

http://www.dicastal.com/en/

■Address

No.185 LonghaiAve. Qinhuangdao EcoNomic&TechNological Development Zone Hebei, 066011, China

Business Overview

-The Company is the world's largest supplier of aluminum wheels and aluminum chassis components. Its products are used in passenger vehicles and mini- and light-duty commercial vehicles.


-The Company was established in 1988 by China International Trust & Investment Corporation, a Chinese statutory investment and financing company, through an introduction from Hong Kong capital. (China International Trust & Investment Corporation is now called the CITIC Group.)

-More than 50 percent of the Company's products are exported to other countries.

-As of Dec. 31, 2016, the Company's annual production capacity of aluminum wheels is 48 million, and annual capacity of aluminum castings is 97,800 tons.

Shareholders

Unlisted (As of Dec. 31, 2016)

Shareholder Shareholding Ratio
CITIC Investment Holdings Limited 97.27%
Others 2.73%

Products

Aluminum Alloy Wheel

Casting
Cylinder cover
Steering knuckle
Planetary frame
Sub-frame
Valve housing
Pump housing
Steering housing
Transmission housing
Bracket

History

Apr. 1988 The Company was established by China International Trust & Investment Corporation, a Chinese statutory investment and financing company, through an introduction from Hong Kong capital. (China International Trust & Investment Corporation is now called the CITIC Group.)
Apr. 1990 The Company started commercial production of aluminum wheels.
1996 The Company and Good Concept Holdings Limited jointly established SMX Dicastal Wheel Manufacturing Co., Ltd.
Aug. 1996 Production capacity of aluminum wheels reached 1 million units.
Aug. 2000 The Company started supplying its products to Audi.
Feb. 2001 The Company started supplying its products to Guangzhou Honda.
2002 The Company formed technical alliances with Asahi Tec Corporation of Japan; and Speedline of Italy.
2002 The Company, Jiangsu Jinxiu Aluminum Co., Ltd., and Asian Investment & Development of the U.K. jointly established Wuxi Dicastal Wheel Manufacturing Co., Ltd.
Nov. 2002 The Company and Lizhong Wheel Group Ltd. of Singapore jointly established Qinhuangdao Dicamry Wheel Co., Ltd.
Jan. 2003 The Company and the Xinglong Group jointly established Qinhuangdao Dicastal Xinglong Wheel Manufacturing Co., Ltd.
Oct. 2003 The Company, Asahitec, and Wheel Horse Aluminium Alloy Casting Co., Ltd. of Hong Kong jointly established Guangzhou Dicastal Asahi Aluminium Co.,Ltd.
2003 The Company started supplying its products to GM and Ford.
Sep. 2004 The Company and the Xinglong Group jointly established Qinhuangdao Dicastal Xinglong Forged Wheel Manufacturing Co., Ltd.
Dec. 2005 The Company was designated as a global strategic supplier of Ford.
Jul. 2006 The Company was designated as a global strategic supplier of GM.
Oct. 2007 The Company and the Sanhua Group and the Jinbei Auto jointly established Shenyang Sanhua Dicamry Wheel Co., Ltd.
Oct. 2007 The Company and Lizhong Wheel Group jointly developed Tianjin Dicastal Wheel Manufacturing Co., Ltd.
Dec. 2007 The Company acquired a 20 percent equity share in Binzhou Movever BBS Hub Co., Ltd. from BBS of Germany. The Binzhou company thereby adopted a new corporate name, Binzhou Movever Dicastal Hub Co., Ltd.
Sep. 2010 The Company established Chongqing Dicastal Jieli wheel manufacturing Co., Ltd.
Dec. 2011 The Company acquired KSM Castings of Germany.
Jul. 2012 The company changed its name into CITIC Dicastal Co.,Ltd.
Nov. 2013 KSM Qinghuangdao Auto Parts Manufacturing Co., Ltd. was established.
Dec. 2013 Citic Dicastal Ningbo Wheel Manufacturing Co., Ltd. inaugurated its aluminum alloy wheel production line.
Aug. 2014 KSM Qinghuangdao Auto Parts Manufacturing Co., Ltd., a subsidiary of the Company, launched operation of a machining line. The first lot of prototypes of engine cylinder heads rolled off the production line on the same day.
Sep. 2014 The Company announced that it will invest USD 140 million to establish a 3-million units aluminum wheel plant in Greenville, Michigan, U.S.A., which will become the company’s first production base outside China.
Jan. 2015 The Company announced that it held a signing ceremony for its new strategic alliance with Siemens.
Feb. 2016 The Company completed the construction of machining lines and painting lines at its new plant in Michigan, U.S. and began production.
Apr. 2016 MX Dicastal Wheel Manufacturing Co., Ltd., a subsidiary of The Company, broke ground for its new plant that will produce 4 million lightweight aluminum alloy wheels per year.
Oct. 2016 Wuxi Dicastal Wheel Manufacturing Co., Ltd., a subsidiary of The Company, began producing lightweight wheels at its new plant.
Nov. 2016 The Company broke ground for CITIC South Intelligent Manufacturing Industrial Park in the Wangcheng National Economic and Technical Development Zone in Changsha, Hunan Province.
Jan. 2017 Dicastal KSM Chengdu Auto Parts Co., Ltd., which is a wholly owned subsidiary of The Company, commenced production at its new factory in the Tianfu New Area in Chengdu, Sichuan Province after completing the first phase of its construction project.

Supplemental Information 1