Shide Group
| Shide Group | |
|---|---|
| legal form | |
| founding | 1992 |
| Seat |
Dalian , PR China
|
| Branch | Conglomerate |
| Website | www.shide-global.com |
The Shide Group (also Dalian Shide Group ) is a private conglomerate with headquarters in the northeast Chinese port city of Dalian . The company conglomerate consists of over 60 individual companies, some of which are active worldwide, and are listed on the Shanghai Stock Exchange. The group's 2011 revenue was 12.1 billion yuan (1.92 billion US dollars).
Companies
The company was founded in 1992 as an earthworks company and machine manufacturer Dalian Shide Machinery Construction Corporation . During the construction boom in China, the company grew rapidly and diversified into other areas. The main business today is the manufacture of plastic components ; Shide is the market leader in this area in the People's Republic of China and one of the largest in the world. Other major business areas are petrochemicals and the manufacture of electrical household appliances (including water heaters ), and Shide has expanded its activities to include sports, healthcare, insurance and financial services and more.
The flagship of the group is Dalian Shide Plastics Industry, founded in 1995 . Their main products include construction elements made of PVC , especially windows, doors, pipes and roofing materials. There are collaborations with companies such as Formosa Petrochemical , DuPont , LG , Kronos , Taiyo , Mitsubishi Chemical , Greiner , Chemson and Theysohn .
In the sports sector, the Shide Group is best known through the purchase of the Dalian Shide football club (acquisition of a 30% share in 1999, sole owner since 2000, sold to the Dalian Aerbin Group in 2012 and renamed Dalian Aerbin FC). Dalian Stadium was also named after the company. At times, other football clubs such as Sichuan Guancheng , Dalian Saidelong and Dalian Shide Siwu also belonged to the company.
Xu Ming
The founder, chairman and CEO of Shide Group was Xu Ming. According to Forbes Magazine, Xu Ming was ranked 11th among the richest Chinese in 2005 and in 2011 with an estimated fortune equivalent to around 690 million US dollars (around 520 million euros) in 256th place. He was considered a confidante of Bo Xilai , the mayor and KP - Chairman of Dalian, then Minister of Commerce of China and Politburo member. After Bo Xilai was dismissed from his post as Chongqing City Party leader in March 2012 , Xu Ming was also the target of an investigation and was arrested in early April 2012. On December 4, 2015, Xu died in prison of a heart attack, according to official sources.
Individual evidence
- ^ Chemical boss held in economic crimes probe , Shanghai Daily , April 1, 2012.
- ↑ Aerbin Group buys Dalian Shide football Club report in China Daily on May 11, 2012, accessed on December 24, 2017.
- ↑ Short biography of Xu Ming at the World Economic Forum , Young Leaders
- ^ The 400 Richest Chinese List
- ↑ Bo Xilai's confidante: Influential industrialists imprisoned in China , Zeit Online , April 3, 2012.
- ^ Xu Ming, Bo Xilai Associate, Under Investigation, Reports Say , New York Times , April 3, 2012.
- ↑ The rise and fall of a tycoon: The story of Gu, Bo and Xu , Wallstreetjournal.de, June 22, 2012.
- ↑ Xu Ming: Bo Xilai's confidante dies in prison. December 7, 2015, accessed December 7, 2015 .