Zhejiang Company

Zhejiang Expressway Company

2008-10-18T01:30:00.003-07:00

Zhejiang Expressway Company Limited is an infrastructure company engaged in investing, developing and operating expressways in Zhejiang Province, China. It also carries out other related businesses such as automobile servicing, gas station operation and billboard advertising along expressways.

Zhejiang DC Chemical

2008-10-18T01:30:00.001-07:00

Zhejiang DC Chemical is one of China's leading manufacturers and suppliers of oxygen and release chemicals, raw materials for detergents, biological remediation chemicals for soil and groundwater.

The company's main include sodium percarbonate, calcium peroxide, magnesium peroxide, potassium monopersulfate.

Zhejiang DC Chemical is located in the Zhejiang province of China.

Zhejiang Airlines

2008-10-18T01:29:00.007-07:00

Zhejiang Airlines was an airline based in the People's Republic of China. The airline was wholly owned by CNAC. During 2004 as part of a consolidation of the Chinese aviation industry, Air China absorbed Zhejiang Airlines when CNAC was merged into Air China.

Code Data

Code: CJG
: ZHEJIANG

Fleet Data

1 - - registration: RA-85613
3 - - registration: B-3351, B-3352, B-3353
1 - - registration: B-2225
2 - - registration: B-2223, B-2335
1 - - registration: B-6024
5 - - registration: B2210, B-2354, B-2355, B-2376, B-2377

Youngor Group

2008-10-18T01:29:00.005-07:00

Youngor Group Company Limited is a textiles and clothing enterprise in Ningbo, Zhejiang, China. It is engaged in designing, manufacturing, selling clothing products with its "Youngor" Brand for gentleman clothing.

Youngor was established in 1993 and it was listed on the Shanghai Stock Exchange in 1998.

Yaoxiangying Copper

2008-10-18T01:29:00.003-07:00

Valves manufacturer Yuhuan Yaoxiangying Copper Co., Ltd is located in Yuhuan County, Zhejiang Province, China. It is a well-known production base of water film and valves.

The factory produces products made of copper, including PVC PPR tube connects, red copper pipe tube connect, stainless steel pipe tube connects, welded pipe connects, ball valves, stop valves water bibcocks etc. Their products are sold in Europe, , Southeast Asia, Middle East, and other regions.

Products and services

Yaoxiangying's products and services include:
Ball valve
Pipe Fitting
Check valve
Angle valve
Gate valve
Bibcock
Hand grip
Plastic valve
Handle
Valve disce
Floordrain
Cleat

Shangyuchem

2008-10-18T01:29:00.001-07:00

Shangyuchem is one of China's leading manufacturers and suppliers of oxygen and release chemicals, raw materials for detergents, biological remediation chemicals for soil and groundwater, specialty and custom chemicals, and contracted packaging services.

The company's main include sodium percarbonate, sodium perborate monohydrate, calcium peroxide, magnesium peroxide, potassium monopersulfate, zinc peroxide, urea, hydrogen peroxide, thiourea dioxide, TAED , and synthetic magnesium silicate absorber.

Shangyuchem is located in the Zhejiang province of China.

Shake Ring Motorcycle

2008-10-18T01:28:00.009-07:00

Taizhou Shake Ring motor components & Parts Co.,LTD was founded in September 1996 and is located in Yuhuan's Guanlin Road industry zone . The company occupies 30,000 square meters and employs more than 200 people.

Shake ring's primary products are motorcycles and motorcycle parts.

Shake Ring utilizes the ISO9001:2000 quality management system to manufacture motorcycle components.

Runda Copper

2008-10-18T01:28:00.007-07:00

Runda Copper is a valve manufacturer and supplier in the People's Republic of China. It is located in the famous "Valve Capital City of China", Yuhuan, Zhejiang. It mainly products various brass ball valve, check valve, floor drain and various kinds of copper fitting etc. Their products have been sold to companies in Europe, the Americas, the Middle East and Southeast Asia.

Products and services

Runda's products and services include:
Ball valve
Check valve
Angle valve
Gate valve
bibcock

Mingrong Auto Parts

2008-10-18T01:28:00.005-07:00

Mingrong Machine Company founded in 1995, situating in the famous "Auto&Moto parts city of China", Yuhuan, Zhejiang. It is a manufacturer in producing tie rod end, rack end and ball joint, suit Toyota, Kia, Daewoo, Hyundai, SsangYong, Mitsubishi, General Motors, DaimlerChrysler duke and other kinds of cars.
The products have sale to East-south Africa, Asia, Europe and other districts.
The brand "Zhenhang".

Products and services

Mingrong's products and services include:
Toyota Auto part
Kia Auto part
Hyundai Auto part
SsangYong Auto part
Mitsubishi Auto part
Daewoo Auto part
General Motors Auto part
DaimlerChrysler Auto part
DUKE Auto part

Mersbrass

2008-10-18T01:28:00.003-07:00

Valves manufacturer - China Yuhuan Mersbrass Co., Ltd is a manufacturer of various brass ball valve,check valve,floor drain and various kinds of copper fitting etc. Their products are used in a wide range of industry, such as, petroleum, chemical industry, metallurgical industry, chemical fibre, urban construction, power industry and cement.

The company has an accredited IS09001 certificate of quality system.

Products and services

Alllead's products and services include:
ball valve
check valve
angle valve
bibcock
fittings
reducing valve
plumbing parts

Hangzhou Wahaha Group

2008-10-18T01:28:00.001-07:00

The Hangzhou Wahaha Group is a private group of companies, and the largest beverage producer in . The company is headquartered in Hangzhou, . "Wa ha ha" signifies "laughing child".

Wahaha has roughly 70 subsidiary companies and 40 manufacturing bases scattered throughout China. Wahaha employs about 10,000 staff.

The company was originally a local government owned sales company founded in 1987-8. For most of the time since creation, it has been run by Zong Qinghou , who exercises operational control over the day to day operations.

Products and distribution

Wahaha branded products include milk drinks , soft drinks, bottled water , bottled tea , fruit juice , porridges and its flagship yoghurt beverages .

Its largest facility is located in Hangzhou's Xiasha Economic and Technological Development Zone, where one-third of the company's production occurs.

Wahaha dealers help them with management and marketing and advertises nationally. The company has 35 provincial sales offices, 2,500 sales team employees, Its distribution is truly nation-wide. Wahaha is one of 3 brands which has few distribution gaps in rural China, with more than 2 million sales outlets across the country. Distributors are responsible for capital, storage, and delivery. The company maintains two grades of distributors: more than 1,500 first-level dealers that need to meet distribution targets and manage large networks and capital; and 12,000 second-level dealers that deal at smaller levels. Distributors' franchise areas are strictly delimited to ensure no poaching between areas, and are guaranteed by forfeitable deposits lodged with Wahaha.

The distribution has given a close third in national market share through its domination of rural China, its tertiary and secondary cities. According to PRC government statistics, Coca Cola held a 24 percent market share in 2003, whilst Future Cola's market share is 70% of that of Pepsi.

Its products are also available in major Chinatowns.

History

Wahaha had its origins as the sales department of the Shangcheng District School in Hangzhou, created in 1987. The factory, the "Hangzhou Wahaha Nutritional Foods Factory" , was created in 1989 to tap a niche in the market for a "children's liquid nutrient" 兒童營養口服液. Although there were 38 producers of liquid nutrients on the market, none were specifically for children. The advertising campaign struck a note with Chinese parents, and was a runaway success. In 1991, the factory was merged with the ailing "Hangzhou Canned Food Factory" in a social restructuring, but which increased the overheads of the business.

In May 1992, Wahaha raised 236 million internally in order to start the Hangzhou Wahaha Food City Co. Ltd. , and to finance the construction of Wahaha Food City, in Hangzhou. Due to inexperience in project management, cashflow became a problem, as construction was delayed for 6 years. This company holds the interests of the employees' union. It changed its name to ZHI at an EGM in August 2001.

During the period from 1992 to 1994, WHH would shift the company away from health drinks to other products. It was to launch a sour plum drink, alcoholic beverages, pseudo-medicinal potions, but these would successively fail.

In 1994, the company took over three insolvent companies in Sichuan, and set up its first factory in Chongqing. A local manufacturing base enabled the company to reduce distribution costs to western China. Once talks had started with Danone, capital became available once again for the company. WHH launched Wahaha Pure Water and struck gold with it. Over the next three years, WHH would acquire 40 more companies in 22 different provincial cities, transforming it into one of the largest beverage companies in China.

Joint ventures

In 1995, Peregrine Investments Holdings introduced Zong to Danone, and discussions about joint ventures began. The Wahaha trademark was assigned to the main joint venture vehicle on February 29, 1996, and a joint venture agreement was eventually signed on March 28, 1996.

The "foreign partners" took 51%, while the "Chinese partners" held 49% . Groupe Danone and Peregrine together invested US$70 million in return for the stake in five joint venture WHH companies with the exclusive rights of production, distribution and sales of products under the Wahaha brand. When Peregrine collapsed in 1998, Groupe DANONE acquired its stake in the JVs, and became majority owner.

The business had grown into 39 joint venture entities by 2007, and the total injected capital amounts to USD131 million.

Since April 2007, Wahaha has been engaged in a public dispute with Danone, its JV partner. Danone has accused Zong of selling identical products using the Wahaha brand outside of the joint ventures, and demands a 51% stake in these. The matter is ongoing.

Going it alone

Since the dispute began, Wahaha has launched products under different brands. Earlier the company released new beverage products under the name of Nutri-Express Drink and Wahaha Smoothie. U-Yo Milk Coffee has now been launched with a "Qili" logo. The producer was a new company rather than the Wahaha Group. More products are likely to be rebranded with the new logo.

Ownership structure

Holding company

The Hangzhou Wahaha Group Co. Ltd. is 29.4% owned Zong, 26.4% by the employees and management as represented by Zhejiang Wahaha Industries Joint-stock Co. , and 46% by Shangcheng District Government. Zong's shares are controlled by British Virgin Islands registered Ever Maple Trading Ltd. through Hangzhou Hongsheng Beverage Co Ltd . Ever Maple's legal representative is Zong's daughter Zong Fuli.

Joint-venture companies

The Group holds a 39% of stake in 39 joint ventures, ZHI holds 10%, and the French company Danone holds 51%.

Other "Wahaha companies"

Whilst the group has many subsidiaries, both local and foreign registered, there are also a number of entities which are essentially private companies owned or controlled by Zong. These companies are the subject of the dispute with the foreign partner. At the end of 2006, total non-joint venture companies reportedly had equity of 5.6 billion and profits of ?1.04 billion. In December, Zong had agreed to sell these to Danone for ?4 billion.

The Hangzhou Wahaha Guangsheng Investment Co. established in 2003 with registered capital of ?50 million, is a key non-JV entity. Its shares were held by Zong and the union in a ratio of 60:40. Its capital was later increased to ?80 million. The following companies, inter alia, were it's subsidiaries or associates, with holdings ranging from 39 to 60 percent :
Hangzhou Wahaha Children's Clothing Co. 杭州娃哈哈童装有限公司, est. 2002
Changsha Wahaha Beverages Co. 长沙娃哈哈饮料有限公司
Harbin Shuangcheng Wahaha Foods Co. 哈尔滨双城娃哈哈食品有限公司
Jian Wahaha Beverages Co. 吉安娃哈哈饮料公司

The shares of Hangzhou Wahaha Children's Clothing Co. founded in 2002, were initially held by Guangsheng, but were transferred out in August 2003, in an "interesting series of share transfers". It is now 65% owned by Zong, 10% by his wife, and 25% by Platinum Net Ltd.

The Hangzhou Wahaha Food and Beverage Sales Co. "WHHFBSC", registered on December 19, 2006, is an external company allegedly now the centre of a parallel distribution network. 10% of its share capital is held by Zong's wife, Shi Youzhen, and 90% by Ever Maple Trading Ltd.

Zong set up non-jv owned factories, such as the Hangzhou Xiushan Shunfa Packaging Co. , to manufacture or pack products identical to WHH. Danone alleges that distributors were asked to set up new bank accounts for their deposit payments in the name of WHHFBSC to sell products from these factories.

Offshore companies

These offshore companies have been reported as being subsidiaries of the Wahaha Group, and have been seized in their respective domiciles :

British Virgin Islands : Golden Dynasty Enterprise Ltd, Gold Factory Developments Ltd, Platinum Net Ltd, Sunworld Enterprises Ltd, Great Base International Ltd, Bountiful Gold Trading Ltd and Wintell Enterprises Ltd.

Samoa : Mega Source Investments Ltd and Honour Bright Investments Ltd

Bank of Ningbo

2008-10-18T01:27:00.004-07:00

Bank of Ningbo Company Limited is a city commercial bank in Ningbo, Zhejiang, China. It was founded in 1997, formerly Ningbo Commercial Bank. Up to June 2008, it operates 78 branches in Ningbo and Shanghai. Since 2007, it changed its name to Bank of Ningbo and listed its shares on the Shenzhen Stock Exchange.

Since January 2008, Bank of Ningbo has become one of the constitute stocks in Shenzhen Stock Exchange Component Index. In August 2008, its several main departments was relocated from Ningbo to Shanghai.

Alllead Copper

2008-10-18T01:27:00.003-07:00

Alllead Copperis a professional manufacturer of brass valves, pipe fittings, faucets and sanitary ware. It has been in the brass products manufacturing filed for more than 20 years. Now, it developed to an experienced manufacturer and highly qualified global supplier of brass products.

They design and produce brass ball valves, gate valves, stop valves, check valves, angle valves and other OEM valves, strainers. We produce general ball valves for water, oil and gas piping systems and facilities under the normal working pressure and temperature. They also design special valves or OEM client’s valves that used under steam and heating systems with top quality’s material. The brass body and ball were generally made of CW614N and CW617N brass. We could also apply other brass for chemical and food industry valves.

Products and services

Alllead's products and services include:
brass ball valve
gate valve
stop valve
check valve
angle valve
strainer

Zhejiang Tailong Commercial Bank

2008-10-18T01:27:00.001-07:00

Zhejiang Tailong Commercial Bank is a small commercial bank in Taizhou, Zhejiang. The bank has a relatively short history but its fame is much greater than its small size and short history, because it is credited by many as the Chinese equivalent of the Grameen Bank, the bank for the poor in China, though there are some significant difference between the two.

The bank had a very humble beginning as a credit union with an asset of only one million Renminbi and seven employees in two small rented rooms dated back on June 28, 1993. The bank has since gradually expanded and today, it has a total of nine branches in addition to its headquarter and ranked number two among the biggest eleven local banks in the Luqiao Precinct of Taizhou, Zhejiang, with 21.9% of total local deposits, and 20.27% of total local loans by the end of 2006. On August 15, 2006, the status of the bank was successfully upgraded from credit union to commercial bank, and thus was accordingly renamed as Zhejiang Tailong Commercial Bank from its original name Taizhou City Tailong Urban Credit Union .

Although the credit union was performing adequately in the first half decade since its birth, it was struggling in the fiercely competitive Chinese market, then around 1998, the information on Grameen Bank and its founder Dr. Muhammad Yunus reached the managerial corps of the bank, Dr. Yunus and the Grameen Bank were not as famous as they are today, but the chairman of the board of the Chinese credit union was quick to realize that the general direction for his bank would be in the similar path: continuing to focus on its current clientele of small and mid-sized business by providing better services.

Since its incept, the bank has provided over 60 billion to its clientele, and over 90% of which are peasants whose lands were confiscated and laid-off workers from the state-owned enterprises For its loans made to microbusiness which averages 51,000 , over 90% of the customers are peasants turned entrepreneurs whose lands were confiscated. When these people were forced to turn to small business owners for survivla but was turned away by bigger banks due to the lack of credit history, Zhejiang Tailong Commercial Bank opened its door to them. One of the practice of the bank is that the bank must adjust its hour to that of its client. For example, if a client is vendor close at 9:00 pm, then the bank must not close at anytime earlier than 9:00 pm because the vendor may need to go to the bank after she/he closes. The bank provides rapid service to its customers in that new customers would have the money deposited into their accounts in two to three days by the latest, while old customers could have it done as fast as in 20 minutes. Over 90% of the approved loans would have the money deposited within half a working day period.

The bank has focused continuously on helping the disadvantaged and instead of opening more branches in wealthy urban centers, it opens branches in the less developed regions to help peasants. When the bank opened its branch at Tri-gate county, one of the poorest in Taizhou, Zhejiang, the bank follows a policy that other banks consider strange at the first: the bank would not make any loans that is greater than 5 million. The reason was that most individual customers in the region cannot afford to have such great amount and if the bank concentrate on making big loans like other major commercial banks, it would no longer serve its original purpose of helping the poor.

Since its clientele often lacks the assets required by larger banks when applying for a loan, the Zhejiang Tailong Commercial Bank developed a method similar to the American immigration system: sponsorship. No customer is required to have any assets when applying for a loan, but he or she must have at least one or more sponsor who is responsible for the loan, and these sponsors are those who are very close to the customer and thus know the customer very well. Even when the customer does have assets, sponsorship is still required as a mean of credit check / insurance, because most Chinese lack credit history. Over 90% of loans made is less than one million (around 125,000.

The 200+ loan officers who greatly contributed to the success of the bank is consisted of more than one third of the total staff. Due to the lack of credit history in China, the loan officers were tasked with much more duties than their counterparts, including investigating the loan applicants’ credit based on the following criteria:
Cashflow of the business, including to ability to pay back the loan.
Management of the business, including the person’s reputation and managerial ability
Marketing, including the competitiveness of the product and the sensitivity to the market
Production, including assets and stock
The loan officers are required to start the initial investigation within one to three days after the application and then perform periodic but often unscheduled audit after the loan is approved.

In addition to the work of loan officers, the banks also institute a strict policy of not making any new loans to customers who still have not completely paid back an earlier loan. As a result of these measures, the non-performing loans of the bank has never exceeded 0.9%, and mostly are kept at less than 0.83% range. Even for the non-performing loans, over 90% of which were paid back by the applicant without the help of sponsors.

The bank is also famous for its harsh policy set for its employees: once a customer of the bank with good credit history offered to lend his BMW sedan to a loan officer for a joyride, and the loan officer accepted. When this was revealed, the loan officer was immediately fired. Such strict measured helped to keep the corruption in check and has helped to earn a good reputation for the bank. As a result, customers trusted the bank and had come back repeatedly: The bank had maintained a core of long term customers of more than 8,000, and the total number of local small and mid-sized business that have borrowed money from the bank has already exceeded 30,000, with many of them borrowed more than 100 times.

Although many in China as well as outside China termed the Zhejiang Tailong Commercial Bank as the equivalent of the Grameen Bank, which certainly provided valuable experience and guidelines for the Chinese bank, the two are actually significantly different. The most important difference is that the Chinese bank is purely operating in the commercial mode and does not receive or provide any form of subsidize to or from anyone, because the bank executives do not believe that they are a charity organization.