The business network covers more than 100 countries and areas, including China、Japan、South Korea、South Africa、India、Australia、Indonesia、Southeast Asia and the Occident. Shandong Wanbao imports iron ore, nickel ore, manganese ore, bauxite ore and chrome ore from India, South Africa, Australia, South America, Philippines, Indonesia etc. Over 5 million metric tons annually. Wanbao ranks the top 10 companies among the 48 trading companies with license of importing iron ore qualified by the national government.
In the respect of chemical industry, Wanao mainly engages in the international trade of organic chemical products, i.e., aromatics, alcohols, esters, the rubber and plastics etc and inorganic chemical products such as vitriol, sulphur ,etc as well as timber products. With the speeding up of market exploitation and the growing number of copartners, Wanbao has reaped significant economic benefits and won larger market share.
So far, Shandong Wanbao Group has taken on a multiplex developing situation. The export products cover aquatic products, agricultural products, hardware machine, textile, building materials and so on which are transported to many countries and regions such as Japan, Korea, Southeast of Asia, Middle East, North America, EFTA .
In order to adapt the development of economic of socialization and integration, Shandong Wanbao Group actively invests industries on the basis of strong trade development. In the respect of merging mines, companies, investing realty and sea transportation, Wanbao has obtained considerable incomes. For instance, Wanbao has invested three steel mills and hold three nickel-processing and chrome-processing mills, the fixed assets has reached RMB100 million yuan. As the largest stockholder, Shandong Wanbao Group associated with other three companies invested to establish Shandong Huahai Shipping Co., LTD Which is one of the four shipping building and repairing bases in Shangdong province in 2007. This project will be invested total over RMB 200 million yuan and will be divided into two stages. After the first stage of the project completed, ten ships less than 50 thousand tons class can be built annually and the production value will be over RMB 2 billion. After the second stage of the project has been finished, 80 ships in a ceiling of 150 thousand ton can be maintained here each year.
