Founded in 2000, Guangxi Fenglin Wood Industry Group Company Limited (“Fenglin Group”) is one of the earliest engineering board manufacturers in China and the first in Guangxi Province. Fenglin, listed in Shanghai Stock Exchange since 2011, is also the first public company among its peers in the province. So far its performance has been one of the best among similar companies listed in SSE.
Fenglin Group is a leading wood industry group in China. It has 4 production bases, including three medium density fiber board (MDF) facilities in Guangxi’s Nanning and Baise, and one particle board (PB) facility in Guangdon’s Huizhou City. Their total capacity is 780,000 cubic meters per annum. To ensure secured supply of wood material, the Company owns 14,000 hectares of plantations.
Milestones of Fenglin’s Develo
2000 Guangxi Fenglin Wood Industry Group Company Limited was founded
2004 International Finance Corporation, the private sector arm of the World Bank Group, made an equity investment in Fenglin Group
2006 The Baise Production Based commissioned
2007 Corporatization of Fenglin Group
2008 Gold Stone Fund, a leading equity investment fund in China, made equity investment in Fenglin
2011 IPO in Shanghai Stock Exchange
2012 Construction of Mingyang Facility, the 2nd production base in Nanning, started
2013 Acquired Huizhou Production Base, the first PB facility of Fenglin
2014 The Mingyang Facility was commissioned
Sustainable Supply of Abundant and Low Cost Wood
GuangXi and Guangdong enjoy unique natural advantage for developing timber plantation which is the critical source of raw material for the engineering board industry. Fenglin benefits from such abundant resources and comparatively low cost.
Strong R&D ability is a critical backup for Fenglin’s market competitiveness. The company’s R&D center has 8 well-equipped laboratories and a simulation production line which are able to perform a wide range of tests and research projects for the engineering board industry. It has close cooperation with various colleges and national institutes. The company has been identified by the national and provincial authorities as leading researcher and innovator in the wood industry.
Strong Brand Name and Market Share
FengLin MDF and particle board are accepted by the market as high quality and reliable products. Over the years, Fenglin has a strong customer base covering furniture, door, flooring, construction and decoration, car, and electronic industries.
Production and Management Talents
FengLin’s management and production team is matchless in China’s wood industry.
Its Board of Directors is composed of veteran investment bankers, senior accounting professionals, and experienced business administrators. The CEO is a well-recognized leader in domestic wood industry in whose hand China’s first MDF board was made.