Zhejiang Wuchan International Trade Co., Ltd. was established in 1999 with a registered capital of 483 million yuan.
Since its establishment, the company has received strong support from its controlling shareholder, Zhejiang Provincial Materials Group Co., Ltd., one of the 20 large-scale distribution enterprises prioritized for development by the Chinese government. With its robust financial strength, the group ranked 51st on the “2009 China Top 500 Enterprises” list and first among the “2009 Top 100 Enterprises in Zhejiang Province.” In addition, BLAZING SPEED, a subsidiary of China Construction Bank International, and COFCO Group (Shenzhen) Co., Ltd. are also strategic investors in the company.
In 2009, the company achieved sales of 26.8 billion yuan and an total import-export volume of 1.44 billion U.S. dollars, with imports amounting to 1.26 billion U.S. dollars. For many consecutive years, the company has maintained a leading position among provincial-level import-export enterprises in Zhejiang Province.
The company primarily engages in the business of steel products, ferroalloys, and ships, and also operates in a variety of other sectors, including project engineering distribution, mechanical and electrical equipment, automotive parts and accessories, and energy products.
The company has established and developed a large number of production bases and market outlets across China, located in cities including Hong Kong, Guangzhou, Beijing, Tianjin, Shanghai, Ningbo, Changsha, Wuhan, Chengdu, and Guiyang. Currently, the company owns 19 wholly-owned subsidiaries, among which Southern Building Materials is a publicly listed company under its umbrella. In terms of international expansion, the company has set up representative offices in the Middle East, Vietnam, South Korea, and Turkey, and is actively working to establish offices in regions such as the Americas and Africa.
As its overall strength continues to grow, the company has become a benchmark enterprise with significant influence in the industry. Based on trade and supported by real industry, with steel at its core and driving related products, the company is steadily moving forward as a global integrated supplier of steel supply chain services—capable of global procurement, global sales, and delivering comprehensive value-added and multi-faceted competitive advantages.