Shide Group

The Shide Group (including Dalian Shide Group) is a private conglomerate, headquartered in the northeastern Chinese port city of Dalian. The conglomerate consists of over 60 individual companies with some global activities and is listed on the Shanghai Stock Exchange. The group's turnover in 2011 was 12.1 billion yuan ( 1.92 billion U.S. dollars).

Business

The company was founded in 1992 as an earth-moving machine manufacturer Dalian Shide and Machinery Construction Corporation. In the course of the construction boom in China, the company grew rapidly and diversified into other areas. Main business today is the production of components made ​​of plastic; herein is Shide market leader in the People's Republic of China and one of the largest in the world. Other major business areas are petrochemical and manufacturing of electrical household appliances (including water heater), next to it has expanded its activities extended to the areas of sports, healthcare, insurance and financial services and more Shide.

The flagship of the group is the company Dalian Shide Plastics Industry Founded in 1995. For their main products include made ​​of PVC components, especially windows, doors, pipes and roofing materials. It is collaborating with the company Formosa Petrochemical, DuPont, LG, Kronos, Taiyo, Mitsubishi Chemical, Greiner, Chemson and Theysohn.

In the sport sector, the Shide Group has become known primarily for the purchase of the football club Dalian Shide (1999 acquisition of a 30 %, since 2000 the sole owner ). The stadium of Dalian is also named after the company. At times, also included other football clubs such as Sichuan Guancheng, Dalian Saidelong and Dalian Shide Siwu the company.

Xu Ming

Founder, Chairman and CEO of the Shide Group is Xu Ming. Xu Ming was according to Forbes Magazine in 2005 ranked the 11 richest Chinese and 2011, with an estimated fortune equivalent to about 690 million U.S. dollars (about 520 million euros ) ranked 256 He is considered confidant of Bo Xilai, the mayor and KP - Chairman of Dalian, then Minister of Commerce of China and Politburo member was. After Bo Xilai had been deposed in March 2012 from his post as party chief of Chongqing, Xu Ming became a target of investigation and was arrested early April 2012.