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ECONOMY
THIS WEEK> THIS WEEK NO. 36, 2012> ECONOMY
UPDATED: August 31, 2012 NO. 36 SEPTEMBER 6, 2012
Huida's 30th Anniversary
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On August 18, Huida Sanitary Ware Co. Ltd. celebrated its 30th anniversary in Tangshan, north China's Hebei Province.

In the past three decades, the company has developed into China's biggest sanitary ware producer with total assets of 1.3 billion yuan ($206.35 million) and more than 10,000 employees. Today Huida's products are sold in more than 90 countries around the world.

At the celebration ceremony, Huida was formally approved as the National Housing Industrialization Base by the Ministry of Housing and Urban-Rural Development. It is China's only housing industrialization base in the sanitary ware industry.

The National Housing Industrialization Base is awarded to those enterprises engaged in housing integration including construction, decoration and supporting facilities.

According to the ministry, the country hopes to improve the development level of the country's construction sector and set up a complete housing industry technical system that saves energy, land, water and materials through the establishment of National Housing Industrial Bases.

Earlier this year, Huida's new R&D center for electronic sanitary ware was set up in South Korea.

In addition to sanitary ware, Huida will enter into other industries related to housing and construction in the future



 
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