Introduction

　　Ningbo Wanglong Group Co.,Ltd., founded in 1992, is a modernized Group consisting of seven companies with resources of assets, technologies, products and management. The company, as the core of the group, is located in Yuyao, a beautiful, historic and cultural city in the east of Zhejiang Province. The group is involved in chemicals, food additives, paper, packaging, real estate and other businesses.

　　Wanglong is the only enterprise in the industry that received the titles of "State-level high-tech enterprise" and "Well-known trademark of China" and possessed "two invention patents" on sorbic acid and potassium sorbate. It has become a modernized complex that has "its own intellectual property rights" integrating with scientific research, production and marketing. It is equipped with registered capital of RMB 30 million, total assets of RMB 4 billion, cover area of 150,000 square meters, and 1480 employees, including more than 120 middle, senior engineers and technicians. Its dominant products are sorbic acid and potassium sorbate--the food preservatives recommended by FAO and the World Health Organization to the world.

　　Adhering to the development concept of "Develop and innovate with science and technology", the company has accomplished the largest sorbic acid and potassium sorbate manufacturer in the world covering 40% global market with its marketing and production capacity of 25,000 tons potassium sorbate and 35,000 tons sorbic acid, from a pilot plant with annual output of 300 tons sorbic acid and 200 tons potassium sorbate 15 years ago. Its success demonstrates an unprecedented innovation derived from the ancient Hemudu culture and a new exploration for Chinese high-tech enterprises to march on the road to large-scale industrialization and globalization.

　　Today, the Wanglong people, led by Mr. Wang Guojun, the Chief Executive, are motivated to participate in the evolvement of market economy and knowledge-based economy with their open minds. They are sharing the same goals and working hard to make a better future for Wanglong.