Founded in October 1997, Hangzhou Cogeneration Import and Export Company Limited (CIEC for short hereafter) is a state-owned holding company under the jurisdiction of Hanghou Steam Turbin & Power Group Company Limited (HTP). Since 1988, HTP has ranked the top three in the intergrated benefit indexes in the same trade domestically; in 2005, it was listed into the top 500 enterprises in China; It is also a public listed company in Shenzhen B Share Market. in 2006, its annual sale turnover was as high as RMB 7 billion yuan.



Supported greatly by the related higher authorities and the broad customers, CIEC has acquired excellent achievements in the respects of operation of iron and steel raw materials, semi-finished products and finished products. Now its main business include three main parts: export, import and domestic trade. In 2006, CIEC's sale volume exceeded 3 million MT, sale income reached RMB 6 billion yuan. It is estimated that the sales volume will reach 3.5million MTS with sales income touching RMB 8.5 billion yuan in year 2007. In 2004, CIEC was granted Hangzhou Municipal Advanced Tax Payment Hundred-Strongest Enterprises; from 2004 to 2006, it was granted successively the honor title of winning award unit of "Gold Dragon Reward" of Foreign Trade Import & Export by Hangzhou City; in 2006, CIEC was appraised as "the First Batch of Law-abiding and Credit Import & Export Enterprises in the Whole Province" by Zhejiang Province.



Since 2004, CIEC has actively entered export business and brought about extraordianary development; the export items covering semi products, long products, flat products and all kinds of steel pipes and tubes; CIEC' S market extend all over to Asia, Middle East, Australia, Europe and North America. Besides, CIEC also set up a branch company in Hongkong, a representative office in Singapore, and is preparing for Europe and Middle East representative office.