CITIC DICASTAL CO., LTD (Hereinafter referred to as CITIC Dicastal)
CITIC DICASTAL CO., LTD’s precursor is DICASTAL WHEEL MANUFACTURING CO., LTD and is the first aluminum manufacturer in China mainland which was invested by CITIC group in 1988. In Oct 2007, CITIC Dicastal carried out shareholding system reform and in Aug 2012 changed company name to CITIC DICASTAL CO., LTD officially.
Headquartered in Qinhuangdao, Hebei Province, CITIC Dicastal has completed its global production layout, with production bases in China, North America, Europe and Africa, which mainly produces high-strength lightweight automotive parts and components. CITIC Dicastal has developed into a leading global lightweight, modular and large-scale integrated parts and components enterprise with core technology and independent brands.
CITIC Dicastal is the largest supplier for aluminum wheel and chassis components in the world. Its growth is divided to 5 periods, namely product differentiation, open up OEM market, commercial pattern innovation by grouping, leaping development and diversification of industry scale as well as internationalization. Domestically, Dicastal export volume of automotive components takes first place in China. And Dicastal ranks 71 among world top 100 global OEM parts supplier. In 2017, CITIC Dicastal drove up total revenue to RMB 26 billion, a rise of 32% over last year.
In terms of customer resources, with high-class quality and service, CITIC Dicastal has completed global market layout. Now Dicastal supplies main OEMs both domestic and abroad including Mercedes-Benz, BWW, Audi, VW, Peugeot- Citroen, Renault – Nissan, GM, Ford, FCA, Toyota, Honda, Mazda, Hyundai-Kia, FAW, SAIC, Dongfeng Motor Corparation, GAC Group, BAIC Motor, Changan Motor etc. In Europe, Dicastal has strong supply ability and more than a half of the vehicles has components made by CITIC DICASTAL.
CITIC Dicastal Engineering Research and Development Institute has finished research and development layout globally and achieved close and seamless transition from ideal design to real production by studying new material and technical process, remarkable simultaneous research and development ability, 24 hour working for R&D and tests. Advance R&D ability improves production efficiency greatly and enables Dicastal to provide customers with integrated manufacturing solutions for environment friendly and light aluminum wheels as well as aluminum components. In 2016, Dicastal takes the first place in terms of published patents quantity which means every day there is a new product launches for market and 3 patents invented with independent intelligent property right.
In the meanwhile, as constitutor of industry standard, CITIC Dicastal has been actively building its own intelligent production management platform, implementing technologies such as internationally advanced LP casting, forging, flow forming and counter pressure casting etc to produce light casting components and aluminum wheels. Dicastal’s production will represent the highest level of global automotive components manufacturing.
Combining Chinese Confucianism and essence of western industrial civilization, for future growth, CITIC Dicastal formed its own company culture which is made of “Ren (Cohesion), Yi (Responsibility), Li (Compliance), Zhi (Innovation), and Xin (Honesty)” which also becomes belief of Dicastal people globally. Planning relationship among all 5 factors of company culture as a whole with spirit of freeing mind, further opening up and innovation, evolving to change, CITIC Dicastal is striving to be the first class supplier in the world with core technology for light component solutions by pushing industry upgrade, transformation and transfer, focusing on aluminum wheel business and growing non-wheel business. Dicastal makes efforts to contribute to the world green economy.