Pushing the simplest things to the extremes
Transforming ordinary things into a means of great accomplishments.
Receiver of the Special Government Allowances of the State Council
Top 10 Entrepreneurial Elite in China
Top 10 Person of the Year for Economics
Top 10 Business Leaders of Zhejiang
National Outstanding Entrepreneur
Managing Master of China
National May 1st Labour Medal
Top 10 Most Influential Persons of the Year for Chinese Economy
Meritorious Entrepreneur of Zhejiang in 30 Years of Reform and Opening Up
Zhenshi Holding Group, one of Top 500 Chinese Private Companies
and Top 500 Manufacturers in China
Zhenshi Holding Group, one of Top 500 Chinese Private Companies and Top 500 Manufacturers in China Located in the Hangzhou–Jiaxing–Huzhou Plain of the Yangtze Delta Region, Zhenshi Holding Group is one of the first companies where the shareholding system was piloted. Leveraging a unique regional advantage and under the leadership of its founder Zhang Yuqiang, the company has established a diverse business portfolio ranging from glass-fiber manufacturing, wind energy base material, special steel, new composite materials, logistics and trade, mineral exploitation, hotel and tourism, real estate development, health examination, technological research and development to financial investment over more than half a century.
Upholding the ideal of “going global boldly, moving forward persistently and coming back successfully”, the company has been vigorously advancing its globalization progress, actively implementing the “Belt and Road” initiative. Presently, the company has established more than 50 subsidiaries, either through controlling or holding shares, in the U.S., Spain, Indonesia, Egypt and Turkey. The rise of Zhenshi not only echoes to the history of China’s reform and opening up but also sets a successful example for China’s private companies.
Founded in 2000, Zhejiang Hengshi Fiber Foundation Co., Ltd.
specializes in research, development, manufacturing and sales of reinforcement glass-fiber fabrics for the wind energy industry.
The company has a specialized team for proprietary research and development, advanced production processes and equipment, and high-quality glass-fiber materials, offering customized and differentiated fabric products, as well as optimally cut and multi-layer fabrics adapted to customer needs. Over more than 20 years of development, Hengshi has become a global leading manufacturer in the field of specialized materials for the wind energy industry in terms of production capacity, and was awarded the title of the Demonstration Enterprise for Single Product Championship (the third batch).
The company operates 5 production bases in Tongxiang, Zhejiang Province, Xinyang, Henan Province, Suez, Egypt, South Carolina, the U.S. and Tekirdag, Turkey. The company's products are sold to more than 30 countries and regions and are highly acclaimed in both domestic and foreign markets.Presently, the company has established solid partnerships with a number of world-renowned wind blade manufacturers.
U.S. Production Base of Hengshi
Egypt Production Base
Turkey Production Base
Xinyang Production Base
Nov 2020, purchased workshops from Huamei
July 15, 2020, Hengshi Xinyang Company was established
July 4, 2019, the privatization plan of China Hengshi Foundation Co., Ltd. took effect, and the company was successfully delisted from the Hong Kong Stock Exchange
June 4, 2018, Hengshi expanded its presence to Turkey by establishing a Hengshi factory in Tekirdag in Turkey
Dec 8, 2016, Hengshi expanded its presence to the U.S. by establishing a factory in South Carolina
Dec 21, 2015, China Hengshi Foundation Co., Ltd. was successfully listed on the Hong Kong Stock Exchange (Ticker: 01197.HK)
Dec 1, 2014, Hengshi expanded its presence to Egypt by establishing a Hengshi factory in Suez, Egypt
Sept 26, 2007, the company completed plant relocation and expansion
Jan 19, 2004, Zhenshi Holding Group acquired Hengshi to establish a Sino-U.S. joint venture - Hengshi Fiber Foundation Co., Ltd
Sept 7, 2000, Tongxiang Hengshi Fiber Foundation Co., Ltd. was founded