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haohua east china chemical corporation, a regional company incorporated in the yangtze river delta, was founded on december 11 in shanghai, as planned by china haohua chemical (group) corporation’s arrangements and after the successive establishment of haohua’s south china rubber co., ltd., north china chemical co., ltd., and southwest china chemical co., ltd.. mr. wang yinhai, the group’s general manager, moved to shanghai with other members of the leadership team for its inauguration ceremony.
headquartered in zhongda plaza building in shanghai’s pudong new area, haohua east china chemical, the corporation has raised its original registered capital equity of 56 million yuan to 1 billion yuan through mergers. relying upon zhongda chemical development co., ltd., the corporation has integrated shanghai longda chemical co., ltd., shanghai china haohua chemical network exchange co., ltd., shanghai zhongda supply and sales company, and shanghai zhongda property management co., ltd., taken over eps plants and related supporting enterprises in shanghai and south jiangsu, and allocated the equity of the group’s chemical companies in east china, the corporation established eps production, with annual output of 300,000 tons, as its major business and realized annual sales revenues of 5 billion yuan. based in pudong, covering east china and oriented towards the world, the corporation remains dedicated to building the brand in the yangtze river delta economic region.
an integral part of china haohua’s development strategy in east china, the corporation intends to acquire more support from the group in terms of r&d, marketing, preferential policies, and credit guarantees due to the group’s excellent brand advantage and economic strength.
as a regional company in east china, the corporation has attracted much attention from the financial industry, paving the way for better cooperation. five banks, including bank of shanghai and china citic bank extended support for the company in terms of loansthat provides a solid foundation for greater growth and development.
during the 11th five-year plan period (2007-2012), the corporation, in accordance with its development concept of “trade, entity and logistics”, will search for more overseas trade partners and expand the market for its liquid products depending on its own chemical trading platform and advantage in information services, while promoting a development strategy of the internationalized chemical trade. after two or three years of unremitting efforts, the corporation will gradually attain the following goals: (1) the trade volume of its pudong sales headquarters to exceed 5 billion yuan and its tax and profits to reach 400 million yuan; (2) to march towards the field of new energy-saving chemical materials; invest to build the eps equipment with annual production capacity of 120,000 tons in south jiangsu, , to increase the production capacity of eps, its main business, to 300,000 tons per year to bring the corporation to the forefront of china’s eps industry; (3) to construct a testing and r&d center and pilot-project plant for eps products; (4) to extend the industrial chain, set up entities to process new eps wall materials and foam products, in order to contribute to an energy-saving society; (5) based on the location advantage of shanghai’s pudong new area and the yangtze river delta, to invest in a chemical logistics base at no. 1 port of the yangtze river in taicang, which will improve the corporation’s support facilities and provide quality logistics services for society.
the next year will see the corporation implementing its development strategies. striving for superiority, the corporation will make concerted efforts to achieve its targets set for the 11th five-year plan period (2007-2012).
contact us:
add: f9, zhongda plaza, no. 989, dongfang road, pudong new area, shanghai
tel: 021-68766990
fax: 021-68767627
post code: 200122
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