Founded in 1993, Ningbo Powerway Alloy Material Co. Ltd. is the core enterprise of Powerway Group. The company produces a full line of high-performance alloy materials for a number of different applications, such as aerospace, electronics and telecommunications purposes. Powerway Alloy is a highly respected organization that has been honored as one of China's "First National Innovative Enterprises", a "National Accredited Laboratory" and we have a seat on the board of executives of the International Wrought Copper Council (IWCC). As of January 27, 2011, Powerway Alloy is listed on the main board of the Shanghai Stock Exchange (stock code: 601137).
Powerway Alloy has registered capital of 215 million RMB and operates from two production facilities, Powerway Yunlong and Powerway Binhai. Our advanced metal production centers cover a combined area of 314,400 square meters and we employ more than 2,300 dedicated workers. We are extremely devoted to the R&D and production of non-ferrous alloy bars, wires and strips that feature the highest precision and performance on the market.
Our professional grade metal alloys have been successfully applied to major engineering operations including the construction of Shenzhou 1-10 spacecrafts, Chang E 1-2 detectors and the Tiangong-1 space station. These alloys are popular because they are environmentally friendly and non-toxic, which makes them suitable for an unlimited number of installations. Our lead-free easy cutting brass alloy is safe for use around living environments. Ti-Zr-Zn alloys have helped us solve the problems associated with increasing energy costs. These energy efficient materials help reduce energy loss and help lead to reduced consumption.
In 1998, Powerway Alloy introduced its own research and development center and immediately established itself as one of the foremost alloy research centers in China. In recent years, the center has overseen more than 50 innovative projects that have led to the filing of 38 patents, including 23 domestic invention patents and 1 American invention patent. Powerway has taken part in drawing up 15 national standard and 5 industry standards for the production of bars and wires produced from non-ferrous alloys.
Here at Powerway Alloy, we believe that the only way to achieve excellence is to continuously surpass our own deeds. We work tirelessly to develop alloy materials with superior performance and with minimum environmental impact.