China Hongqiao Group

China Hongqiao Group Co., Ltd.
Native name
中國宏橋集團有限公司
FormerlyShandong Hongqiao
Company typePublic
SEHK: 1378
IndustryAluminium
Founded1994
Headquarters
Hong Kong SAR (administrative)
Binzhou (production)
Key people
Zhang Bo (CEO), Zhang Shiping (founder), Zheng Shuliang (Vice Chairman)
Revenue86,145,130,000 renminbi (2020) Edit this on Wikidata
19,355,200,000 renminbi (2020) Edit this on Wikidata
10,496,100,000 Malaysian ringgit (2020) Edit this on Wikidata
Total assets181,532,700,000 renminbi (2020) Edit this on Wikidata
Number of employees
42,445 (2020) Edit this on Wikidata
ParentShandong Weiqiao Pioneering Group
Websiteen.hongqiaochina.com

China Hongqiao Group Limited is a company founded in 1994 that specializes in the production of aluminium. Hongqiao is currently the second largest aluminium producer in the world after Chinalco.[1] It is listed on the Hong Kong Stock Exchange with stock code 1378,[2] and is incorporated in George Town, Cayman Islands.

Its main production activities are headquartered in the Chinese Province of Shandong plus a new development in Yunnan Province.[3]

The company's founder and former chairman, Zhang Shiping, was ranked 27th on the 2017 Forbes China Rich List with a net worth of $4.8 billion.[4] His son, Zhang Bo, is the current chairman and chief executive officer of China Hongqiao.[5]

From a family base of textile production, expansion into aluminium commenced in 2001[6] and the Group now has 6.46 million tonnes of licensed primary aluminium capacity, around 16 million tonnes of alumina capacity[7] and is growing its newly established aluminium recycling business,[8] along with downstream aluminium processing and lightweight innovation projects.[9]

The company owns subsidiaries, including Shandong Weiqiao Aluminium Power Co., Ltd., Huimin Huihong New Aluminium Profiles Co., Ltd. and Hongqiao Investment (Hong Kong) Limited.[10]

  1. ^ "The world's leading primary aluminum producing companies in 2020, based on production output". Statista. Retrieved 2022-04-24.
  2. ^ "WSJ HK".
  3. ^ "China Hongqiao to move capacity to Yunnan". Reuters.
  4. ^ "Zhang Shiping & family". Forbes. Retrieved 2017-10-06.
  5. ^ "Zhang Bo Succeeds Father As China Hongqiao's Chairman". Aluminum Insider. Retrieved 2019-10-06.
  6. ^ "Companies History".
  7. ^ "Reuters Article".
  8. ^ "Scholz and Hongqiao Recycling JV".
  9. ^ "Lightweight".
  10. ^ "Reuters.com". Reuters. Retrieved 2017-10-06.