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Founded in Taiyuan, United Magnesium Industry CO.,Ltd (UMG) has registered capital of 0.3 billion RMB through merging and increasing investment and shares. Having absorbed capitals from Merrill Lynch, TCL, Tencent Investment Co. and set up overseas legal entity, its outstanding blue-chip mechanism laid the foundation of structural advantages for its future gigantic development. UMG practices the business principle of Innovation, Excellence, Unity and Win-win and adopts the strategy of Cooperation, Resource Integration, Attracting talents and co-development. UMG is being made to be the global magnesium and magnesium alloy supply base, magnesium-related products base, R & D base for magnesium innovation and is targeted to be the whole-series supplier featured with high-tech, rationalized cost and high quality. Its domestic HQ is in Taiyuan Hi-tech Park, the State-level Industry Park. Its factory is Shanxi Province is located in Huangpu Magnesium Industry Park of Wanyong County. It has 1,011 employees and covers area of 730 mu. Its current annual output is 30 kt of magnesium and 50 kt of magnesium alloy and its markets covers Beijing, Shanghai, Shenzhen, Ningbo and Germany. Since its founding, UMG has focused on production, sales, manufacture process management, service, quality control and inspection, foreign trade for magnesium, magnesium alloy and relative products and equipment. Located in Shanxi Province which has rich resources of magnesium, UMG utilizes the local and industrial advantages and is marching towards the promising markets such as bicycle wheels and magnesium alloy tools and 3C markets like high-speed rail transport, automobile, large-size LED. All staff of UMG are making concerted efforts to build a environment-friendly magnesium industry realm with certain scale of output. Meanwhile, it’s gradually shifting from the manufacturer to supplier which integrates production and technical services so as to upgrade its core competitiveness in all respects in 3 to 5 years.
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