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 The
Union Developing Group of China Ltd. (hereinafter referred
as "UDC"), based on textile industry, has engaged in a diversified
economy including Science & Technology, Industry,
Commerce, Trade, Finance, Real Estate and so on. It ranks
the 280th among the 1000 national largest enterprise-Groups
in China in the year of 2000. Among the "Top 500
of World Textile Industry", it also ranks the front
and is appraised as No.1 Chinese selected enterprise of
the "Top 500 World Textile Industry".
Today, UDC owns more than 20 affiliates
and subsidiaries nationally and holds two listed companies,
named Hualian Holdings Co. Ltd ("Hualian Holdings")
and Shenzhen Victor Onward Textile Industrial Co. Ltd
("Victor Onward Textile") in China. It has also
set up its branches in the United States, Europe, Southeast
Asia, etc.
After years of developments, with the
mainstay of industry of textile garment, hi-tech, real
estate and petro-chemical new-developed raw material,
UDC group now has basically formed up its own industrial
system as well as international management setup.
Hi-tech has been a core industry importantly
developed by the Group in recent years. Hangzhou Honghua
Computer Technology Co. Ltd., as one of UDC's subsidiaries,
has made the R & D research by itself for the "
High speed Digital Jet-Printing System" which is
nationally initiated and had achieved advanced world standard.
This system developed by Hangzhou Honghua Computer Technology
Co. Ltd. had been placed on the national hi-tech development
agenda. Honghua digital Jet-printing software technology
and its integrated equipments has basically occupied whole
domestic markets within the country. It has also been
among the best of its occupied international market shares
in South Korea, Europe, and Southeast Asia etc. Hangzhou
Honghua has shown people with its strong and good position
in industry of having the most potential power as well
as its core competition in terms of both technical R &
D research and market development.
The real estate industry has been the
major supporting industry for the Group. UDC has successfully
developed a few more projects of real estate in Shenzhen
and Shanghai etc. It also owns managerial properties of
almost 200,000 square meters and land resource reserves
of more than 200,000 square meters, which automatically
has formed up its own brand name for Hualian real estate
& property with certain popularity.
Petro-chemical and developed new material
industry is becoming an important industry invested and
constructed by the Group in recent years. As the result,
UDC has invested and built in Zhejiang Province with two
extra large sizes of PTA and PET petro-chemical new material
projects. The total investment for this PTA project is
around 2.4 billion yuan of RMB with annual production
of 600,000 tons. This PTA project is currently of the
grandest scale for single line production and fastest
for construction in the world. In addition, a PET project,
with 1 billion yuan of RMB investment and with annual
production of 330,000 tons, is down stream complete set
of product of PTA. The PET project also holds the leading
position in the projects of the same kind in terms of
its scale and its technology. The Group is planning to
form up, within the country, the largest, with the most
advanced technology petro-chemical industrial base which
also holds among the best of its occupied market share.
Facing the 21st century, UDC will implement
with all its strength the strategy, which is "leading
enterprise with modern science & technology and rebuilding
enterprise with advanced management". To be aimed
at building up the first-rate enterprise, initiating the
top management as well as bring up the first-class talent,
and by promoting the corporation culture featuring with
" Unity, Practice, Innovation and Devotion",
UDC is striding forward towards the great goal of building
up our Group a modern international and diversified excellent
large-scale enterprise group.
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