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HEC Group
 

HEC Group is a privately owned stock company founded in Shenzhen. Its previous entity was Zhejiang Hengdian Electronic Company, which was founded in 1992.

HEC Group possesses the largest production sites for formed aluminum foil, >§æ16 capacitors, aluminum strips and macrolide antibiotics in China. The five sites are located in Dongguan and Ruyuan in Guangdong province, Yidu in Hubei, Zunyi in Guizhou and Jiangjin in Chongqing.

HEC Group believes that technical innovation is the essence of company development and manufacturing is its basic strategy. We seek to recruit the best graduates and to reward them for their efforts. Huge investments have been made in HEC High Tech Park, the location of HEC R&D Center. The Park is fully equipped with the hardware and software needed to support the continuous technical development of the company.

With a clear eye to the future HEC Group is gradually transforming itself from a manufacturer of electronic elements to 1) a manufacturer based on minerals 2) an energy generator based on coal mines 3) a pharmaceutical enterprise based on intellectual property and 4) a culture and tourism industry focused on education and entertainment.

Aluminum

HEC Group has created the most integrated aluminum business in China and possesses the largest production sites of formed foil, electronic foil, hydrophilic foil and >§æ16 capacitors. Substantial investments in previous years in both the backward and forward integration of the aluminum supply chain enabled the company to avoid the worst effects of the economic crisis in 2008, when most of the Chinese electronic industry was severely damaged. It now gives HEC an extraordinary advantage over its competitors.

At the end of 2007 before the US subprime mortgage crisis and global economic downturn,  HEC Aluminum completed private offering for financing. The cash raised will be used to accelerate manufacturing optimization, expand the product portfolio, improve the management and increase company profitability with the objective of making HEC the most risk-resistant stock company in the industry.

Energy

At the end of 2007, the approval and subsequent construction of a 600MW power station and associated transportation system and the approval of coal mine development in Guizhou province represented the early steps in the creation of an energy supply chain. The commissioning of the power plant in 2009 significantly reduced the running costs of the corporation, thereby increasing the competitiveness of its aluminum and pharmaceutical products.

The coal deposit owned by HEC in Guizhou province has been listed in the provincial large mine planning project in 2008, which reduces the costs of exploration and land acquisition. The company received the mining rights in 2009 for 1.95 million tons coal, and will receive further rights in 2011 for remainder which amounts to 5 million tons in total. The company will be actively engaged in a sequence of coal mine construction with a view to the earliest exploitation of the resource.

Two bulk cargo berths were constructed in Jiangjin Port in Chongqing and a 1.6km entrance road was finished in 2008. The commissioning of the berths in 2009 provided a vital link in the coal supply chain.

Pharmaceutical

HEC Group entered the pharmaceutical industry in 2001 by acquiring an API company in Yidu, Hubei, which had only one product, metronidazole, fewer than 100 employees and an annual turnover of not more than RMB 20 million. In 2003 the Board decided to make pharmaceuticals one of the major corporate development strategies. Since then our product offering has been greatly expanded, drug substance and finished product manufacturing capacity has increased several-fold and technical investment has generated a rich product pipeline. HEC is the third company authorized by Roche to produce the anti-H1N1drug Tamiflu. HEC supplies the Chinese government and other government controlled entities. Tamiflu produced by HEC comprised 90% of the national stock of anti-H1N1 drugs in 2009.

By the end of 2009, HEC Pharm employed more than 3000 skilled personnel in. three GMP certified pharmaceutical companies, which have been favorably inspected by US and European authorities, and one of the largest domestic R&D centers  The corporation has six API synthesis plants, with a fermentation capacity of more than 6000 tons, and five dosage form plants producing fifteen APIs and more than thirty drug products. The marketing network covers 30 provinces in China, Europe and America. In 2009, pharmaceutical product sales turnover reached RMB 3 billion.

Tourism

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