Shandong Huaxia Group lies in Weihai - a most inhabitable model city.It has several subsidiaries like Huaxia Heavy Industry.Huaxia Pharmaceutical Industry,Huaxia Medicine,Huaxia International Huaxia Technical Secondary School,etc.It has total registered capital of RMB 0.29 billion Yuan.Its total sales amount exceeded RMB 2.5 billion Yuan in 2004.It takes the 10th position among machinery manufacture industry in the Taxpaying Top-10 Lists in the 168 Industries of China.Its leading product - Huaxia Tower Crane has been taking the first place in Chinese market for 8 years.
In order to adapt itself to fierce competition after joining WTO,Huaxia Group adopts active countermeasures:Firstly,develop middle-sized and large-sized products,improve grade of products,orient for domestic middle and large enterprises,and step into international markets according to advantages of Huaxia Tower Crane;Secondly,search for new developing opportunities beyond construction machinery industry.Huaxia Group registered and founded Huaxia Pharmaceutical Industry Co.,Ltd.and Huaxia Medicine Sale Co.,Ltd.in 2002 to enter pharmaceutical industry with high start point.Huaxia Pharmaceutical Industry has researched and developed almost 50 kinds of state new medicines from first-grade to third-grade,among which 45 kinds have passed approval,and more than 30 kinds have been put into the market.Huaxia Pharmaceutical Ecological Park constructed in 2003 with total investment of RMB 2.2 billion Yuan has the annual throughput of RMB 6 billion Yuan.It has formed the structure of Tower crance developing together with Pharmaceutical Industry.
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