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Power products firm expands
By Wing Tan |
November 30, 2009, Monday
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Print Edition
Print Edition
SHANGHAI Guangdian Electric Group (SGEG), based in Fengxian District's Nanqiao Town, is a leader in the design, manufacturing, and marketing of power electronics and power distribution products in China.
However, 24 years ago it was just a small company of only seven people trading broadcasting equipment. Now it has grown from a shabby workshop into one of the largest enterprises developing and manufacturing electrical distribution and control products as well as solution services in the country.
The company offers products including up to 35-kilovolt switchgear equipment, cast coil transformers, vacuum circuit breakers, low voltage switchgear and distribution panels, motor control centers at different voltage levels, low voltage components, wind converters, variable speed drives, active power filters, protection relays, multi-function electrical meters and many others.
The products are widely used in power generation, utilities, infrastructure, petrochemical, oil and gas and heavy industry, commercial projects and high-end residential areas.
The group operates five factories and two sales companies with almost 2,000 employees. Its annual sales revenue last year reached more than 2.87 billion yuan (US$440 million), an increase of 4 percent, while profits were up by 3 percent to over 340 million yuan.
SGEG has been the biggest taxpayer in Fengxian for three years in a row. It paid 164 million yuan tax last year, an increase of 24 percent.
The group's 600,000-kilovolt power distribution system dominates the country's industry with more than 60 percent of market share, being used in projects such as Yuhuan Power Station in Zhejiang Province, Three Gorges Power Station on the Yangtze River, Qinshan Nuclear Power Plant in Zhejiang, Beijing Metro, Shanghai Baosteel, oil extraction platforms in the China South Sea, Beijing National Olympic Green Convention Center and the National Stadium.
In 2005, SGEG's R&D center was recognized by the Shanghai government as a high-tech center. In 2006, 2007 and 2008, SGEG was awarded High-Tech Enterprise awards by the Chinese government.
SGEG was honored with the accolade of being included in the "Ten Innovative and Growing Stars of 2009" list of China's small and medium-sized enterprises in this year's China SME Festival held in Fengxian.
In 2007, the group launched its medium voltage variable speed drive and active power filter. In 2008, with its joint venture, SGEG has produced more than 1,500 wind converter units.
At the same time, the group is moving into the field of energy-efficient and environmentally friendly products and is engaged in developing solar inverters.
SGEG announced last month it has entered into a strategic alliance with Advanced Energy Industries Inc through which it will market AE's expanding line of Solaron grid-tie photovoltaic inverters in China.
This February, General Electric Co and SGEG agreed to form a US$20 million joint venture for electric components, which was the United States conglomerate's first investment in China this year. The new venture, which has become operational recently, is expected to provide 400 jobs.
SGEG is expanding with new facilities being built in Fengxian Industrial Park. Expected to be finished in five years, the new site covers 160,000 square meters.
However, 24 years ago it was just a small company of only seven people trading broadcasting equipment. Now it has grown from a shabby workshop into one of the largest enterprises developing and manufacturing electrical distribution and control products as well as solution services in the country.
The company offers products including up to 35-kilovolt switchgear equipment, cast coil transformers, vacuum circuit breakers, low voltage switchgear and distribution panels, motor control centers at different voltage levels, low voltage components, wind converters, variable speed drives, active power filters, protection relays, multi-function electrical meters and many others.
The products are widely used in power generation, utilities, infrastructure, petrochemical, oil and gas and heavy industry, commercial projects and high-end residential areas.
The group operates five factories and two sales companies with almost 2,000 employees. Its annual sales revenue last year reached more than 2.87 billion yuan (US$440 million), an increase of 4 percent, while profits were up by 3 percent to over 340 million yuan.
SGEG has been the biggest taxpayer in Fengxian for three years in a row. It paid 164 million yuan tax last year, an increase of 24 percent.
The group's 600,000-kilovolt power distribution system dominates the country's industry with more than 60 percent of market share, being used in projects such as Yuhuan Power Station in Zhejiang Province, Three Gorges Power Station on the Yangtze River, Qinshan Nuclear Power Plant in Zhejiang, Beijing Metro, Shanghai Baosteel, oil extraction platforms in the China South Sea, Beijing National Olympic Green Convention Center and the National Stadium.
In 2005, SGEG's R&D center was recognized by the Shanghai government as a high-tech center. In 2006, 2007 and 2008, SGEG was awarded High-Tech Enterprise awards by the Chinese government.
SGEG was honored with the accolade of being included in the "Ten Innovative and Growing Stars of 2009" list of China's small and medium-sized enterprises in this year's China SME Festival held in Fengxian.
In 2007, the group launched its medium voltage variable speed drive and active power filter. In 2008, with its joint venture, SGEG has produced more than 1,500 wind converter units.
At the same time, the group is moving into the field of energy-efficient and environmentally friendly products and is engaged in developing solar inverters.
SGEG announced last month it has entered into a strategic alliance with Advanced Energy Industries Inc through which it will market AE's expanding line of Solaron grid-tie photovoltaic inverters in China.
This February, General Electric Co and SGEG agreed to form a US$20 million joint venture for electric components, which was the United States conglomerate's first investment in China this year. The new venture, which has become operational recently, is expected to provide 400 jobs.
SGEG is expanding with new facilities being built in Fengxian Industrial Park. Expected to be finished in five years, the new site covers 160,000 square meters.
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