Founded in Guangzhou, Cedar rode on the sound momentum to speed up property development and built the first villa-only residential area - Jiangnan Residence.
Cedar Commodities Supply Chain Group was established. Cedar’s official entry into the commodities market marks the first step towards establishing a global presence.
- Cedar ranked No.59 amongst top 100 enterprises in Guangdong Province.
- Cedar entered top 20 in the export volume of aluminum products of China as well as pioneered in sales nationwide. A robust upstream and downstream supply chain of non-ferrous metals was established, allowing Cedar to build a dominant market position in the Pearl River Delta.
Cedar innovated its business model, collaborated with upstream and downstream companies, and expanded its trading portfolio amidst the global financial crisis, which propelled it to become one of the largest copper rod traders in South China.
- Cedar started to remain at the top 3 positions in copper rod trade as well as became a leading trader of non-ferrous metals in South China, while maintaining a solid leadership in copper rod and electrolytic copper trade in the region.
- Cedar accelerated the expansion of its business distribution networks to support Guangdong to become a strong trading province,
- Revenue exceeded RMB 59.3 billion.
- Cedar transformed its commodities business into a one-stop integrated supply chain service provider, which consolidate its leading position in non-ferrous metals market and led to business expansion in the national market.
- Cedar increased investment in technological and innovational industry.
- Revenue exceeded RMB 157 billion.
- To help Guangzhou build an international trading centre, Cedar accelerated in the expansion of commodities industrial chains.
- Cedar expanded the high-end manufacturing of certain commodity segments and acquired the listed company Qixiang Tengda, making it a world leader of production and sales of methyl ethyl ketone, maleic anhydride, and many other products. In Cedar, technological innovation and green development are equally important.
- Revenue exceeded RMB 221 billion.
- Cedar secured the leading position in commodities industry of China and accelerated the expansion of overseas supply chain.
- Cedar acquired the listed company Sinoer (has now changed name to “Cedar Development”), which focuses on industrial upgrading and urban supporting services.
- Cedar made it to the Fortune Global 500 for the first time in 2018, ranking 361st on the list.
- Revenue exceeded $40.6 billion.
- Cedar seized the opportunities of the “Belt and Road” initiative and acquired Integra.
- Cedar actively involved in poverty alleviation through education in Bijie, Guizhou Province.
- Cedar was awarded “Excellent Guangdong Enterprise at the 40th Anniversary of China’s Reform and Opening-up”.
- Cedar ranked 301st in the 2019 Fortune Global 500.
- Revenue exceeded $41.2 billion.
- Cedar strengthened international cooperation in new materials and promoted the deployment of state-of-the-art green production processes in China. The construction of Tianchen Qixiang New Nylon Material Industrial Base – the first AND project of China – is launched.
- Cedar became a majority shareholder of Cedar International Trust.
- Cedar ranked 296th in the 2020 Fortune Global 500.
- Revenue reached $33.8 billion.
- Cedar acquired Stemcor to accelerate the expansion of its global supply chain, in support of “Dual Circulation” development model.
- Cedar invested in the construction of the INA plant with the largest production capacity within China, as well as a NBR latex project.
- Cedar fulfilled all the poverty alleviation tasks assigned in Bijie, Guizhou as scheduled.
- For three consecutive years, Cedar hosted Guangzhou Night at the WEF to introduce the renewed vitality of the city of Guangzhou to the world.
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