Golden Elephant Glass Technology, Inc.(fka GOEG)

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FuXin HengRui Technology Inc. is located in the glass industrial park in Fuxin City of Liaoning Province (117-12 Chuangye Road, Haizhou District), with the factory section covering a land area of 264,000m2. The company specializes in the production of high-grade float glass and ultra-clear glass, serving the market of China, Europe, Middle Asia as well as Southeast Asian regions and countries.
The company was incorporated on 18 September 2002 with a registered capital of US$ 5 million. It was a joint venture corporation, initially invested jointly by the U.S. W.T. Real Estate (30% shares), Fuxin Zhonglin Industrial Co., Ltd. (35% shares), Fuxin Guangya Flat Glass Co., Ltd. (17% shares), Fuxin Haizhou District Hanjiadian Town Xihuang Villagers¡¯ Committee (10%) and Fuxin Huitong High and New Tech Building Materials Co., Ltd. (8%). From 2004, the company started to undergo an equity restructuring. By 2 June 2005, the company shareholders had become Jinlai Investment (The British Virgin Islands) and Zhixin Group (The British Virgin Islands) Co., Ltd., which respectively held 89.15% and 10.85% of the company shares. Since January 1 of 2007, the company shares have been 100% held by Jinlai Investment Co., Ltd.(The British Virgin Islands).
Fuxin HengRui Technology Inc., up to now, has 436 employees, the total assets of US$ 45 million and two high quality float glass production lines. Of them, the 500 t/d high quality float glass production line with a total investment of US$ 3.1 million was put into production on 1 August 2003 and can produce 3.3 million weight cases of float glass annually; the 300 t/d colored float glass production line was put into production on 25 September 2005 after cold repair and reconstruction. With a total investment of US$ 4.8 million, this production line boasts an annual output of 1.65 million weight cases of colored float glass and takes a domestic lead in the production of ultra-clear glass products with self-developed products and national patents. Meanwhile, Fuxin Hengrui Technology Inc. has also increased its production capacity to 800 tons, thus becoming the largest production base of float glass in Northeast China. The company has an annual output of 4.95 million weight cases of float glass products with the annual sales revenue as much as US$ 50 million. It has a major trademark of ¡°Golden Elephant¡± and is able to supply float glass of various specifications with a thickness of 2 -- 23mm and a maximum width of 3,660mm. Its main facilities take a leading role at home and abroad and the products reach international standards.
The corporate philosophy of ¡°Superiority, innovation, sincerity, efficiency¡± is the core competitive advantage of Fuxin Hengrui Technology Inc. Meanwhile the idea of ¡°innovation, sincerity, efficiency¡± has always been the corporate culture that Fuxin Hengrui Technology Inc. set for itself and the core values that maintain the sustainable development of the company.
http://www.hrglass.com.cn/English/index.asp