Hebei Construction Won Bid for Prefabricated Building Project in Baoding

Follows the national construction development trend
Grasps the development opportunities of Xiong'an New Area

HONG KONG, Nov. 23, 2020 /PRNewswire/ -- Hebei Construction Group Corporation Limited ("Hebei Construction Group", or the "Group", stock code: 1727) is pleased to announce that, on November 18th, the Group won the bidding for the Anyuejiayua Community Affordable Housing Project (Phase II) in Baoding City, another prefabricated project won by the Group, and the first prefabricated residential buildings with steel structure in Baoding City and the second in Hebei Province.

Prefabricated construction refers to the transfer of on-site work in the traditional construction method to the factory. The building components and accessories are processed in the factory, transported to the construction site, and installed on-site through reliable connections. Prefabricated buildings can improve building quality with higher efficiency, save materials, and are friendly for energy saving, emission reduction and environmental protection.

The project consists of five residential buildings and three supporting buildings with a prefabricated building evaluation standard of Grade A. The total construction area is about 64,975 square meters. The underground is a reinforced concrete structure, while the aboveground is a fabricated steel structure. The designed proportion of prefabricated items is 66%. As a natural prefabricated building, steel structure has better seismic performance, more flexible structural form and maintenance form, and at furthermore, the material recycling rate is extremely high, which is consistent with the development of prefabricated building concepts vigorously promoted by government.

In recent years, Hebei Construction has gained rich achievements and experience in the field of prefabricated construction. As recognized as the "National Prefabricated Construction Industry Base", the Group has conducted various R&D and promotion of prefabricated buildings, and successively obtained around 20 related Utility Model Patents. The Group has also been involved in more than 30 prefabricated construction projects, including the sixth section of the domestic freight station facility of Southern Airlines Base of Beijing New Airport, the second-class residential land project of Hanzhuang Village, Jinhaihu Township, Pinggu District, Beijing, and Zhengzhou Provincial Youth Talent Apartment project, namely Jingkaiyuan

In order to promote the upgrade of the construction industry structure and the modernization of the housing industry, Hebei Construction invested in the Hebei Green Building Industrial Park in Baoding City. The total investment of the project exceeds RMB 1 billion, and the total area is about 220,000 square meters. The construction is divided into two phases. The first phase was completed and put into production in 2015, with an annual output of 100,000 tons of steel structural components. The second phase of the project has also started construction. The steel structure workshop is mainly for the production of heavy steel structure components, with an expected annual output of 50,000 tons. The project is expected to be completed and put into production in 2022. The Park has geographical advantages with huge market potential, as it is about 50 kilometers away from Xiong'an New Area. With the rapid development of prefabricated buildings in Xiong'an New Area, the park will surely benefit from the new opportunities and huge development potential.

Mr. LI Baozhong, Chairman and Executive Director of Hebei Construction Group, said, "In recent years, with the vigorous promotion of national policies and the solid implementation of local policies, prefabricated buildings industry in China have entered a period of comprehensive development, showing a prosperous development trend. Through active research and exploration in prefabricated buildings, we have gained rich experiences. With the development of Xiong'an New Area, our advantages will be fully revealed. As a leading player in the construction industry of Hebei Province, we are set to embrace great development opportunities from the Beijing-Tianjin-Hebei strategic development zone and Xiong'an New Area. We will work closely with the government, financial institutions, central and state-owned enterprises and major property developers to actively explore mutually beneficial cooperation opportunities and create more value."

About Hebei Construction Group Corporation Limited

Hebei Construction Group Corporation Limited was established in 1952 and rooted in Hebei Province for 68 years. It has benefited from the coordinated development of Beijing-Tianjin-Hebei and the construction of Xiong'an New Area. The Group has grown into a leading comprehensive private construction enterprise in China and has been included in the Fortune 500 Chinese Enterprises (2020). The Group mainly provides integrated solutions for engineering contracting of building construction and infrastructure projects. According to Frost & Sullivan, Hebei Construction Group is the largest non-state-owned construction contracting company in Beijing-Tianjin-Hebei region and the second largest non-state-owned construction contracting company in China.

Source: Hebei Construction Group Corporation Limited
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