A state- owned foreign- trade company specially engaged in import and export trade was set up by Ningbo Development & Investment Group Co.,Ltd (Ningbo Electric Power Development Co., Ltd) which holds the majority of the company shares.
Ningbo Development & Investment Group Co.,Ltd (Ningbo Electric Power Development Co., Ltd) is state-owned solely-funded liability company , which is authorized to manage national assets. Directly under the municipal government, it is one of the major key enterprises in Ningbo. By the end of 2004, its net assets have reached 2.1 billion Yuan and total assets 5 billion Yuan.
As the investment subject and organization funded by municipal government, the group also operates and manages capital, fulfills national assets and state-owned stock right, makes exterior financing, investments and management. It has 24 main subordinate holding enterprise, which are Ningbo LG Yongxing Chemical Co., Ltd, Zhejiang Steel Investment (Ningbo) Co., Ltd, Ningbo Paper Development Investment Co., Ttd, Ningbo Shine Great Bridge Co., Ltd, Ningbo Thermal Power Co., Ltd, Ningbo Heating Power Co., Ltd, Ningbo Qingfeng Heat and Power Co., Ltd, Ningbo Changfeng Heat and Power Co., Ltd, Ningbo New Jindu Hotel Co., Ltd, Ningbo Kylie Hotel Co., Ltd, Ningbo International Investment Consulting Co., Ltd, etc. Besides these, Development & investment Group also has 26 equity participation enterprises, which include China Continent Property & Casualty Insurance Company Ltd, Zhejiang Zhenhai Associate Power Generation Co., Ltd, Zhejiang Zhenhai Power Generation Co., Ltd, Ningbo Commercial Bank, Ningbo Associate Investment and Holding Co., Ltd.
The company has an standard management and good operation. Which has passed the ISO9001 authentication of quality management , and evaluated an A by Ningbo customs in aspects of enterprises classification and AA in Process trading. It also gains AAA Credit of the Chinese foreign trading Company.The company is mainly engaged in: Import and Export business of all categories of commodities and technologies by self-management or agency service; Processing with Imported materials and three types of processing plus compensation trades; Counter trade and transit trade, with an yearly average total amount of 200 million US dollars, standing the 13th of the 20 most important foreign trading company all over the city.
The setup inside the company includes office, finance dep., synthesis service dep., plastic import dep., chemical dep,. Iron and Steel dep., eight export dep., and a feedstuff company. At present, the categories of leading export goods including: textile, cereals, oil & foodstuffs, machinery and electrical equipment, articles of daily use and arts and crafts etc. Major countries and areas for export: U.S. Japan, Germany, EU and Southeast Asian area. Main import commodities are polythene material from South Korea, foodstuff from Peru, Chile and U.S. and flooring timbers from South-east Asian, Africa and Brazil.
ND import and export co.,ltd also holds the majority shares of the following enterprises:
Ningbo ND Commerce Co.,ltd, The Hangzhou ND Xingrui Co., Ltd, Ningbo ND Chemical Co.,ltd., Ningbo Donghai Biotechnology Research Center.
In the light of the corporate spirit of quality, mutual benefit, reputation uppermost, pioneering and innovation? depending on the abundant economic strength of the parent company and its own advantages , ND company would like to sincerely welcome friend from all circles to promote wider cooperation to provide equality service for domestic and foreign clients.