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On November 5, the groundbreaking ceremony for the Hongfa Indonesia Industrial Park was successfully held in the Blessindo Industrial Zone in Tangerang, Indonesia. President Guo, accompanied by senior leaders of the company, as well as corporate representatives from China, Europe, the United States, and other regions, attended the ceremony. Shareholders of Hongfa Indonesia, Kuang Zhongfu, Executive Vice President of China United Engineering Corporation, along with representatives from the construction and supervision teams, and members of the Hongfa Indonesia staff also joined the event.

Hongfa Indonesia, established in April 2018, is Hongfa’s first overseas manufacturing facility. Remarkably, the company achieved profitability within just two years, making it a milestone in Hongfa’s global development. Since its establishment, Hongfa Indonesia has operated in leased facilities, but with the steady expansion of production capacity, we have acquired land and embarked on the construction of our own plant.

The successful operation of Hongfa Indonesia marks a solid step in Hongfa’s global manufacturing strategy and provides valuable experience for the development and operation of our future overseas manufacturing sites.