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2020.09.28
Cedar awarded Leading Companies in Greater Bay Area

On September 28, Cedar Holdings was awarded Leading Companies in Greater Bay Area on 2020 Greater Bay Area Development Forum.




Winners of this award were selected based on the following criteria: the size of a business, operational performance, developmental potential, brand influence, service quality and social responsibility fulfilment, which proves to be objective in assessing a company's marketplace. According to the Economic Observer, the organizer of this Forum, the Guangdong-HongKong-Macau Greater Bay Area is one of the most open-up and economically vibrant areas in China. It takes a strategically important position in the China's national development plan. A real growth of this area is impossible without companies playing an important role. Leading companies in the Greater Bay Area, in particular, could empower the area's development like no one else when integration and competition become the theme of this area.


As a Guangzhou based commodities leader listed on Fortune Global 500, Cedar Holdings makes use of the location advantage of being in the Greater Bay Area to expand its presencein every segment of the commodities value chain with a focus on commodities resources and supply chain services. At the same time, the company combines industry and finance as well as the blockchain technology as a way to improve the operational speed and efficiency of the value chain where Cedar sits at the core. A win-win scenario is what the company is aiming for.


Cedar Holdings is also a driver of technological innovation and breakthrough of the Greater Bay Area,especially through new materials and chemical technology R&D. Cedar Commodities Supply Chain Group under Cedar Holdings decided to build a copper-basednew material base in Guangzhou-Yingde Industrial Park for in-depth participation of the 5G industry. Cedar copper industry has become one of the largest enamelled wires and copper rod makers of South China. It boasts top-notched R&D strengths and manufacturing processes of high-end materials includingultra fine enameled wire which are widely used in 5G industrial chain, new energy vehicles, smart appliances and other high-end equipment manufacturing sectors.


To be a Fortune Global 500 company is more than a mark of prestige. It comes with enormous industrial clustering effect. In the coming days, Cedar Holdings further makes use of the effect and the comprehensive strengths of itscommodities business in order to attract more advanced factors to the Greater Bay Area. It will also contribute to the development of the Greater Bay Areathrough innovation step-up in new materials and advanced manufacturing.


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