GLOBAL GROWTH POWERED BY LOCAL INVESTMENT

State-owned manufacturer Guangzhou Industrial Investment Holdings Group is bringing renewed economic vitality to its hometown province.

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MANUFACTURING HAS LONG BEEN A VITAL PART OF the global economy, yet a new era of change and economic opportunity is reshaping the industry. Today, the manufacturing sector is in the midst of a digital transformation due to technological advances and the demand for increased efficiency and sustainability. As this sector continues to evolve, companies will have to keep adapting and innovating to meet the needs of customers and drive business success.

State-owned manufacturer Guangzhou Industrial Investment Holdings Group (GIIHG] is navigating this reality by staying attune to industry trends while keeping sight of its long-term goals. Foremost, the company is prioritizing growth and technological transformation in Guangzhou's manufacturing industry.

Formed in 2019 through the consolidation of the Guangzhou Iron and Steel Group, Guangzhou Wanbao Group, Wanli Group, and Guangzhi Groupamong other key enterprises in the region-GIIHG now owns 41 brands. Since the merger, it has cemented its status as a world-class manufacturer by honing in on three central industries: new materials, key components, and high-end equipment. "GIIHG strategically targets billion yuan-scale industry clusters, such as batteries and energy storage, key parts of the supply chain, and marine equipment. We steadfastly adhere to the principle of investment-driven development, aiming to enhance production capabilities," says Zhou Qianding, board chairman of GIIHG.