Hongshi Holding Group Milestone
1994: Humble Beginnings
Eight individual investors, including Zhang Xiaohua, jointly invested RMB 15 million to establish the Sixth Cement Factory of Lanxi City, constructing a shaft kiln production line with an annual capacity of 100,000 tons. This initiative marked the beginning of the development of Hongshi Group.
2002: Ignition
The 2,500 tons-per-day cement production line in Lanxi, Zhejiang Province was successfully ignited and put into operation, becoming the first large-scale new dry-process cement production line in Zhejiang Province.
2003: Expansion
Expanding beyond Lanxi, the company invested RMB 1.5 billion in Jiande to construct two cement production lines, each with a daily capacity of 5,000 tons.
2004: The Beginning of Group-based Corporate Operation
Expanding beyond Zhejiang Province, the company constructed two cement production lines, each with a daily capacity of 5,000 tons, in Gao'an. In the same year, Hongshi Group was formally established, marking the beginning of its group-based corporate operations.
2006: Expansion
Participating in the development of the West Taiwan Strait Economic Zone, the company constructed three cement production lines, each with a daily capacity of 5,000 tons, in Zhangping.
2008: Future Forward
The company subsequently invested in the construction of large-scale cement production lines in Yiliang County, Linshui County, and Kuqa County. In the same year, it signed a strategic cooperation agreement with Goldman Sachs.
2014: Bank of Hangzhou
The company acquired a stake in Bank of Hangzhou, becoming its third-largest shareholder.
2016: A New Home
The headquarters building of Hongshi Group was officially inaugurated and put into operation.
2018: First Overseas Movement
In February, the 5,000 tons-per-day cement production line of Vientiane Hongshi Cement in Vientiane was ignited and officially put into operation, becoming the first Belt and Road Initiative project completed and commissioned by Hongshi Holding Group.
In May of the same year, the 6,000 tons-per-day cement production line of Nepal Hongshi Shivam Cement in Nepal was also ignited and put into operation.
2019: Self-Surpassing
The cement sales volume of Hongshi Holding Group reached 102.37 million tons, surpassing 100 million tons for the first time.
2020: Into The Future
Construction of the Hangzhou Hongshi Tower in Hangzhou officially commenced, marking the entry of Hongshi Holding Group into a new stage of development.
