Ningxia Darong Chemicals&Metallurgy Co., Ltd.

Ningxia Darong Industry Group Co. Ltd, formerly known as Dawukou Ferroalloy Factory was set up in 1984 and organized as limited company in 1993 by absorbing foreign capital. In 2001, Darong(Group) was established. With eighteen years' development, it has become the largest private-owned enterprise with the investment of foreign capital and gone into the groups of large-scale enterprises. It is the sole private-owned enterprise, which is in the list of Ningxia 21 Key Enterprises. It has built up the scale advantage of best quality and largest volume in the production of Cyanamid series products in China. In global market, it is the second largest Cyanamid producer after Germany's Degussa.

Darong is constantly modernizing its company and management structures. The core enterprise of Group Company is Darong Chemical Company. Its subsidiaries and holding companies include Darong Building Material, Hunan Darong, Jiangsu Rongbaoda, Rongyuan International Hotel and Darong Travel Agency. Representative offices are located in Beijing, Shanghai, Guangzhou, Jinan, Tianjin etc. Total assets of Group Company now has reached RMB 600 million with fixed assets of RMB 510 million and net assets of RMB 240 million. In past few years, Darong has kept developing itself markedly and annual growth has reached over 35%. There are over 1600 staff members in the Group Company,20% of whom are technicians and management personnel. From 1986 to now, Darong Chemcial Co. Ltd. Has paid for RMB 200 million in tax and earned foreign exchange of over USD 80 million.

Darong bases itself upon the rich resources of Ningxia and is in the position to develop follow-up products of calcium carbide. Firmly relying on technological innovation, our company continuously carries out the strategy of expanding market share to strengthen our core business. In recent years, capital restructures and low-cost expansion has been in progress by means of acquisitions, merges and holding shares.

Zhu Zhenlin, the Chairman and General Manger of Darong(Group) Companis the founder of the company. Over past ten years, he has insisted on the exploration and innovation. With his excellent talent and tactics, our company has been developed from a small company to a large and strong one. Owing to his outstanding achievements, he has been awarded more than ten titles: National model worker, National excellent entrepreneur, NPC deputy and the president of Ningxia Industry and Commerce Chamber etc.