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In 2004, Panhua Group Co., Ltd was incorporated by Mr. Xinghua Li in Zhangjiagang City, Jiangsu Province, China, with registered captial of 127 million USD. Initially Panhua consisted of 3 steel mills, namely Zhangjiagang Huada Coating Co., Ltd, Zhangjiagang Wanda Steel Strip Co., Ltd, and Jiangsu Huasheng New Building Materials Co., Ltd. All these 3 mills were fully invested by Mr. Li in 1999, 2002, and 2004 for producing PPGI, GI, and CRC respectively. Before the mergence of Panhua Group, flat steel sales...
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