A HUAXIN (Qingdao) Warehousing Co. Ltd. with total investment of US$300 million was established at Qingdao Bonded Harbor Zone, which was also the largest foreign-invested project in the zone.

    The company will mainly serve for energy warehousing and help the development of the international logistics and financial trading in the area.

    Established in 1992, Huaxin Group is mainly involved in oil, chemical engineering and energy industries in Southeast Asia, the Middle East, Africa and North America. Its annual revenue is about 20 billion yuan.

    (Wang Yuanyuan, Cheng Guang, Sun Jintao)