Recalling PET Drink Bottle King - Huang Lefu's Entrepreneurial Road

Since 2007, when the share of Zhuhai Zhongfu was transferred to the CVC fund at 8.27 yuan per share, Huang Lefu gradually faded out of the public eye. The oldest packaging factory in Asia, the head of Zhongfu, has become accustomed to ordinary life.

Turning the clock back 28 years, at the beginning of the Zhuhai Special Economic Zone, Huang Lefu chose Wanchai, which is located between the southwestern end of the SAR and a river in Macau, to create the Wan Chai Industrial Company. At that time, he only wanted to create a Chinese beverage packaging company. As everyone knows, 28 years later, China Rich has grown into a listed company with more than 7,000 employees and 85 factories across the country. Its advanced modern production line has made this company the largest PET bottle in China. Ethyl glycolate) manufacturer. As a recognized leader in the beverage packaging industry in China, Zhongfu’s technology has been recognized by leading companies such as “Coca-Cola” and “Pepsi-Cola”. Zhongfu's PET upright bottles, preforms, HDPE caps and PC cans were rated as China's key products, and its developed PET beer bottles were included in the National New Product Plan. As of 2010, China Rich has an annual production capacity of approximately 8 billion soft drinks, pure mineral water and PET bottles for distilled water packaging, 8 billion PET preforms, 8 billion bottles of labels, and 30,000 tons of plastic films.

Despite being praised as a pioneer of beverage packaging, the initial market positioning of Zhongfu’s former Wanzi company was not clear. After the establishment of the company, Xiaozong border trade was established to raise capital and develop industries. Knitting factories, garment factories and garment accessories factories were successively organized. The business strategy was summarized by Huang Lefu as “using trade with industry, promoting trade with trade, and promoting each other” , Industry, Trade and Common Development." Until 1984, the PET beverage bottle project was included in his development.

In 1994, the company was rated as China's largest beverage bottle production base by the State Council Development Research Center. In 1995, the company won the first place in "China's Plastic Industry's Largest Township Enterprise 100". In 1996, Zhongfu was listed on the Shenzhen Stock Exchange and became the first listed company in the budding Chinese packaging industry.

In 2005, Zhongfu was honored as one of the top 500 Chinese manufacturing enterprises and the top ten private enterprises in Zhuhai.

After years of development, Zhongfu has a complete beverage packaging production and beverage filling assembly industry chain. Production and sales network all over the country. With good product quality, strong supply capacity, perfect production network, and comprehensive supporting services, the company has established its superior position in the industry. Zhongfu has become a leading player in China PET beverage packaging industry. PET bottles produced by Zhongfu accounted for more than 50% of the total packaging required by Coca-Cola and PepsiCo in the Chinese market.

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