The Shandong Weiqiao Pioneering Group ( zh, s=山东魏桥创业, ) is a Chinese
private company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
active in the
textiles
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the ...
industry; it is also the
parent company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
of the
aluminium
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. I ...
company
China Hongqiao Group
China Hongqiao Group Limited is a Hong Kong listed company (HKEX Stock Code 1379) founded in 1994 that specializes in the production of aluminum. Hongqiao is currently the second largest aluminum producer in the world after Chinalco.
Its main pr ...
.
Originating as a
towel
A towel is a piece of absorbent cloth or paper used for drying or wiping a surface. Towels draw moisture through direct contact.
In households, several types of towels are used, such as hand towels, bath towels, and kitchen towels.
Paper towels ...
manufacturer, Weiqiao produces
cotton
Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus ''Gossypium'' in the mallow family Malvaceae. The fiber is almost pure cellulose, and can contain minor perce ...
,
denim
Denim is a sturdy cotton warp-faced textile in which the weft passes under two or more warp threads. This twill weaving produces a diagonal ribbing that distinguishes it from cotton duck. While a denim predecessor known as dungaree has been pr ...
and
synthetic fabrics.
Zhang Shiping
Zhang Shiping (25 November 1946 – 23 May 2019) was a Chinese entrepreneur. He oversaw the rise of China Hongqiao Group to become the world's biggest aluminum producer and was dubbed China's "Aluminum King". On May 23, 2019, Zhang died of an u ...
was the moving force behind the company's expansion from the 1970s onward.
The holding company Shandong Weiqiao was founded in 1998.
It has aluminium operations in
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
and
Guinea
Guinea ( ),, fuf, 𞤘𞤭𞤲𞤫, italic=no, Gine, wo, Gine, nqo, ߖߌ߬ߣߍ߫, bm, Gine officially the Republic of Guinea (french: République de Guinée), is a coastal country in West Africa. It borders the Atlantic Ocean to the we ...
.
In 2021, it was ranked 282nd on the
Fortune Global 500
The ''Fortune'' Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by ''Fortune'' magazine.
Methodology
Until 1989, it listed onl ...
.
References
External links
* {{Official site, weiqiaocy.com
Chinese companies established in 1994
Companies based in Shandong
Holding companies of China
Aluminium companies of China
Textile companies of China