HANGZHOU ELECTROCHEMICAL GROUP CO.LTD - Zhejiang, China

Hangzhou Electrochemical Group Co. Ltd (HEGC), surrounded by an enchanting landscape, is located in the Hangzhou Hi-Tech Zone on the southern bank of the Qiantang River, covering an area of 300 thousand square meters. HEGC is a manufacturer that integrates technology, industry and trad, and mainly produces basic chemical raw materials. The total assets of the company are worth 500 million yuan. In 2000, the sales income reached 400 million yuan, with a gross profit of 49.81 million yuan. Therefore, HEGC is one of the mainstay enterprises and influential taxpayers of Hangzhou city.The company was established in 1936. Since the reform and opening policy has been implemented, the company has relied on advanced technology, extensive reformation, and conducting intensive farming, to achieve  

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large-scale production and improved economic performance. HEGC, a national first-grade enterprise, has received six national honor titles in succession. From 1990, the company has been ranked in the 500 Best Economic Performance Enterprises and the 100 Key Chemical Enterprises in China. Meanwhile, it has been 289th in the Best 500 companies by the State Economic & Trade Commission and the State Statistical Bureau. HEGC's economic performance has maintained fast and sustained growth over the past ten years, and is one of the 520 National Key Enterprises and a member of Zhejiang's "Advanced Five" (five advanced industrial groups of large key enterprises in Zhejiang Province). It is also a provincial-level technical center and intermediate test base, and is regarded as a demonstration enterprise of advanced technology in Hangzhou city. Accordingly, HEGC enjoys great prestige both at home and abroad in chemical enterprises of the same industry.