Xiangshan Huaxiang Group entitled Zhejiang's Demonstrative Company
- Details
- Category: Ningbo Business
- Published: Tuesday, 27 December 2011 19:55
At the recent vediophone meeting of Zhejiang on the topic of the implementation of the "going out" strategy, Huaxiang Group of Xiangshan County was entitled Zhejiang's Demonstrative Company for Implementing the "Going Out" Strategy. It is reported that of the 10 enterprises of Zhejiang that won the title, Ningbo has two: Huaxiang and Youngor.
In recent years, Huaxiang Group has been steadily and confidently carrying out the "going out" strategy. It has made great efforts in capital operation, making notable contributions to the export-oriented economy of Zhejiang.
In November this year, Huaxiang Electronics, a subsidiary company of Huaxiang Group spent about 30 million Euros for the purchase of the business of manufacturing interior materials for intermediate cars owned by Sellner Group of Germany. Sellner Group of Germany is a leading manufacturer of interior materials for intermediate cars, and the world's second largest supplier of walnut interior materials for intermediate cars. It owns 20% of the market share of the world.
According to Zhou Cimei, Chairman of the Board of Directors of Huaxiang, during the 12th-Five-year-plan Period, Huaxiang Group had its sales valuing 30 billion yuan, two companies listed, and built two production bases of natural wood automotive interior materials. It has taken bold steps going out for overseas purchases. As a result, it has acquired advanced technologies and brands of the world, expanded its international market and promoted the local economy
