Yongfeng Group was founded in 2003, headquartered in Shandong Qihe Economic Development Zone. Now Yongfeng Group has over 5500 employees.
The businesses scope includes project investment, ferrous metal smelting and rolling, mines exploiting, power supply, logistics service, real estate development, export and import, etc. All the business are operated by over ten subsidiary companies, including Shandong Laigang Yongfeng Steel corp., Shandong Yongfeng Steel International Trade Co.,Ltd., Hongkong Winstone Development Ltd., Shandong Yongfeng Real Estate Co., Ltd., etc.
Shandong Laigang Yongfeng Steel corp.(called Yongfeng Steel) is one of the most important steelmakers in ShanDong province. The main products are Deformedbar and High Speed Wire Rod. The company has got the ISO9000 Quality Management System Certificate, ISO14001 Environment Management System Certificate and the Certificate of OHSMS18001. The product has been awarded as the National InspectionFree Product and the famous product of Shandong Province .In the end of 2011, Yongfeng Steel will get the annual output capability with 5 million tons of pig iron and steel products.
In 2010 the annual sales income was over RMB 14 billion(US$ 2.15 billion), including RMB 10.3 billion(US$ 1.58 billion) made by Shandong Laigang Yongfeng Steel Corp. The tax and profit was over RMB 1 billion(US$ 153 million). In 2011, Yongfeng Group will make efforts to achieve RMB 20 billion (US$ 3 billion), including the steel sales incomes RMB 15 billion (US$ 2.3 billion).