Latest news with #HengdianGroup
Yahoo
13-05-2025
- Business
- Yahoo
Hengdian Group Japan announces headquarters relocation to Tokyo
OSAKA, Japan, May 13, 2025 (GLOBE NEWSWIRE) -- Hengdian Group Japan (HG Japan) has announced the relocation of its Japan headquarters from Osaka to Tokyo, marking a major milestone in the Group's Asia and global development strategy. The company expects the relocation to be complete by October 2025. The move will enable smoother resource integration and management coordination between HG Japan and its affiliated Japanese subsidiaries TOSPO Japan, Innuovo Japan and DMEGC Japan. This will promote higher technology, production and marketing efficiency across the company's diverse business areas. The new location will also position HG Japan more competitively throughout Asia Pacific. Tokyo will offer HG Japan access to a wider and more international network of talent, strategic partnerships, research institutions and financial capital. Over 75% of headquarters for foreign companies in Japan were based in Tokyo as of 2023, according to research by the Tokyo Metropolitan Government. HG Japan's new office will be located in Toranomon Hills Station Tower. The 49-story skyscraper in Tokyo's central and redeveloped Toranomon-Azabudai district was opened in 2023, designed by OMA and developed by Mori Building, the Japanese real-estate giant known for revamping Tokyo's swanky Roppongi Hills neighborhood. Toranomon Hills Station Tower also connects directly to the Toranomon Hills Station on the Hibiya Line and grants office workers convenient access to a wide array of shops, restaurants and entertainment options within the Japan was first established in March 2023 in Osaka as the Japanese subsidiary of diversified Chinese conglomerate Hengdian Group. The Group, founded in Zhejiang in 1975 is today one of China's largest private enterprises and a prominent player in key industries including electrical and electronics, healthcare and pharmaceuticals, film and entertainment, and modern services. Currently, HG Japan CEO and former Panasonic executive Yoshiharu Nishiura oversees the company's growth in the import and export sales of electrical and electronic equipment and materials as the company expands its footprint across Japan. HG Japan's new Tokyo headquarters will be fully operational in its strategic decision making, innovative R&D and regional services. The relocation will allow HG Japan to increase local capabilities across sales, investment management, technical standard fulfilment and coordination of cross border supply chain management. This year, HG Japan and its affiliates have participated in important industry events including Nepcon Japan and Automotive World to exhibit key products like magnets, Metal Composite (MC) inductors, automotive engine control units (ECU), motors, speakers, mobility scooters and more. Going forward, HG Japan seeks to further strengthen its business operations in lighting, magnetic materials, motors, automotive components, consumer electronics and renewable energy throughout East Asia, Southeast Asia and Oceania. A photo accompanying this announcement is available at CONTACT: Contact information: Hengdian Press Centre: press@ in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Hengdian Group looks back on 50 years of growth and giving back
HENGDIAN, China, March 18, 2025 (GLOBE NEWSWIRE) -- Few Chinese firms founded at the dawn of China's economic reform are still up and running today. In today's competitive landscape, the survival of a company is intrinsically linked to its ability to serve the people that support it. Hengdian Group, today one of China's biggest family-owned enterprises and whose growth has been inseparable from the prosperity of its community, embodies just that. Founded by farmer-turned-entrepreneur Xu Wenrong in 1975, Hengdian Group started as just a fledging silk mill. Best known today for its sprawling movie studio base Hengdian World Studios - commonly called "Chinawood' - its businesses also span diverse industries encompassing electrical and electronics, pharmaceuticals and healthcare, film and entertainment, and modern services. Currently, the Group and its six listed companies employ over 50,000 staff and operate in more than 150 countries and regions globally, with regional headquarters in Tokyo, Singapore and Milan. This year, Hengdian Group celebrates its 50th anniversary, marking five decades of growth and steadfast commitment to giving back. In that time, the company has marked several key milestones: 7.4 billion yuan (1 billion USD) spent on public infrastructure development since 1985 to build roads, schools, hospitals, public services, sewerage systems, an airport and a high-speed rail station 500 million yuan (69 million USD) donated to charity campaigns since 1975 in Hengdian and surrounding areas to support elderly citizens and less economically developed regions 3 billion yuan (nearly half a billion USD) invested in environmental projects over the last five years in order to meet sustainability and emission reduction targets For more information and details on these investments, please contact press@ World Studios is nestled in the heart of Hengdian town, now a thriving economic and tourism hub Xu Yong'an, the founder's eldest son and Hengdian Group's current CEO and Chairman, runs the company with a philosophy of reciprocity. "We take from society, so we must give back to society too," he says, comparing the company's relationship with the public to "fish with water, or trees with the forest." Nowhere is this philosophy brought to life more vividly than the southeastern Chinese village that Hengdian Group was born in and named after -- Hengdian town. There, people have benefited from economic growth, infrastructure development and social opportunities. Today, Hengdian town's per capita disposable income outpaces the national average by more than double, driven in part by Hengdian Group's own rise. In 2024, Hengdian Group's total revenue neared 100 billion yuan (13.2 billion USD), while total assets surpassed 140 billion yuan (19.6 billion USD). For the Group and its subsidiaries, business prowess and industry strength have always served as forces for good: DMEGC Magnetics innovates on the cutting-edge of renewable solar power technology Tospo Lighting invests in R&D to create energy-efficient and vision-protecting LED lights Innuovo Technology designs mobility equipment to facilitate the disabled and elderly Nanhua Futures uses financial derivatives to help insulate farmers against seasonal volatility Hengdian Entertainment makes social and cultural contributions to life in poorer cities, constructing cinemas and holding free screenings for residents in the region Apeloa Pharmaceutical donated millions of yuan worth of medicine to hospitals during Covid and signed with UN-backed public health organization Medicines Patent Pool (MPP) to manufacture the generic version of Pfizer's oral Covid-19 treatment for low- and middle-income countries worldwide; while Wenrong Hospital healthcare workers were dispatched across China to treat patients in needXu Wenrong's first venture was a silk mill, which he then expanded into multiple factories over time In Hengdian Group's earliest days, its founder Xu Wenrong, now 90 years old, sowed the seeds for a burgeoning manufacturing industry in Hengdian, drawing laborers to his hometown in search of work. Later, a chance encounter between Xu and a renowned movie director led to the construction of a movie set, triggering Hengdian's transformation into one of the world's biggest film studios, attracting visitors from nationwide. Over time, these industries spurred an explosion in service sector businesses and to this day have turned Hengdian into a thriving economic and tourism hub. 'At the start, Hengdian was a village and we were a tiny silk mill," Xu Yong'an recalls. "As we developed, we spurred Hengdian's growth. And as the city grew, it supported Hengdian Group." About Hengdian Group Hengdian Group is a diversified, multinational conglomerate, comprising six public companies – DMEGC Magnetics, Apeloa Pharmaceutical, Nanhua Futures, HG Entertainment, Tospo Lighting and Innuovo Technology – and over 60 other subsidiaries and more than 200 manufacturing enterprises. It has regional headquarters in China, Tokyo, Milan and Singapore, and continues to expand worldwide. Its work is driven by its overarching mantra: "to be the most socially responsible company." As a business, Hengdian Group seeks to achieve sustainable, diversified expansion. As a constructive part of society, Hengdian Group vows its everlasting commitment to social well-being in all its business and philanthropic endeavors worldwide. Photos accompanying this announcement are available at:
The Independent
25-02-2025
- Business
- The Independent
What are the best solar panels to buy?
There are plenty of brands to choose from when it comes to solar panels, with familiar tech brand names mixing with relative unknowns. Much of your choice will depend on which installers you choose to go with, as they will have brands they prefer to buy from, if only to make use of bulk purchasing. The numbers you will be looking for are the price, warranty, efficiency – up to 25 per cent or so is possible, degradation (they age, albeit slowly) and power output. There's plenty of competition in the solar market. A boom in commercial panels used in solar farms, which power up to 5 per cent of the UK grid, means that the technology has come on leaps and bounds in recent years as more money is poured into developing better and cheaper panels. There is also a big difference between older, cheaper panels and newer ones, which will cost more but yield more power and generally offer a longer life. After 30 years, the amount supplied can drop to less than 80 percent of its advertised supply, but high-end models can offer more than 90 per cent. When choosing a solar panel, it's best to weigh up the full cost of installation as well as the panel cost, since you'll probably need to pay for the hire of scaffolding and the purchase of other equipment to connect your shiny new panels to your home electricity mains. Once you have an idea of what the full cost will be, you'll have a better idea of how good a plan it may be to go for cheaper cells. Ones that last longer and provide more power may be worth it to avoid renting more scaffolding in 10 years for replacements. DMEGC Infinity China's DMEGC, part of the Hengdian Group conglomerate, could be the biggest energy company you've never heard of. It's shipped more than 50 gigawatts of solar panels since its founding in 1980. This model provides a good compromise between power output, long warranty and decent power longevity, offering more than 87 per cent of its box-fresh output after 30 years. REA Fusion2 Solar Panel This is the best panel for efficiency and maintaining power over the long run. Depending on how many cells you buy and your other fitting costs, it may well be the most expensive option however. Made in Australia, the manufacturers say these cells are built to last. Aiko Neostar Price, installed: £1250 per kW Efficiency: 23 per cent Wattage per panel: 460W Type: N-Type Made in: China Degradation: 88.90 per cent after 30 years Warranty: 25 years for the product itself, 30 years for the degradation figure China has invested billions of pounds in making cheap solar cells, and the country's Aiko Neostar range offers amongst the best power output, as well as a long warranty and very respectable efficiency Jinko Tiger Founded in 2006, Jinko has grown to be another vast Chinese player in solar panels. Again, the long warranty, slow ageing rate and good power output make this a good all-round choice. Sharp NU-AF Price, installed: £600 per kW Efficiency: 19 per cent Wattage per panel: 370W Type: PERC Made in: Thailand and Vietnam Degradation: 81 per cent after 30 years Warranty: 10 years Probably the most recognisable brand on the market, and also the budget option, Sharp's NU-AF model uses cheaper PERC technology rather than the N-Type process that dominates the rest of our list. This is the best budget buy, but you compromise a little in terms of the warranty, efficiency and the power output. The cells also age quicker than their competitors, but those with roof space to spare might decide to plump for them.
