When Grace (China) Co., Ltd. celebrated its 20th anniversary, the company marked a significant milestone as China's first approved foreign-funded enterprise. To mark this occasion, a reporter spent a year interviewing Xu Lijie, the newly appointed president of the company, to gain deeper insights into its journey and future plans.
Xu Lijie shared that in 1986, Grace established Grace (China) Co., Ltd. in the Minhang Economic Development Zone in Shanghai, becoming the first wholly foreign-owned enterprise in the People’s Republic of China. Initially, the company focused on producing sealant products used by global brands such as Coca-Cola, Pepsi, and Tsingdao Brewery. Over time, it expanded into concrete additives, which became essential components in nearly every major construction project across China.
To support its growth, Grace set up two factories in Zengcheng, Guangdong, and Tanggu, Tianjin, aiming to localize production and achieve "Made in China" for cement and concrete additives. Today, the company has built a comprehensive sales network throughout China and established technical service centers in Shunde, Guangdong; Shanghai Minhang; and Beijing, offering customized solutions tailored to local needs.
Grace’s performance in China has been impressive, with sales increasing by 30% year-on-year in the first half of this year. Xu Lijie emphasized that China is a country of constant change and opportunity, where the rapid economic growth presents immense potential for foreign companies like Grace.
Currently, Asia-Pacific operations account for 15% of Grace’s global business, but China remains a smaller portion at just 3%. However, with the appointment of Fan Sida as the new CEO, Grace has shown renewed confidence in the Chinese market. Fan Sida has clearly stated that China will be the focal point of Grace’s Asia-Pacific strategy. In April of this year, the company relocated its Asia-Pacific business unit manager to Shanghai, signaling a strategic shift.
Grace plans to centralize its sales and procurement activities in China through Shanghai, and it aims to establish the regional headquarters of Grace China in the city within the year. Xu Lijie expressed optimism about the future of all Grace businesses in China, from consumer products to construction materials, pharmaceuticals, environmental technologies, refined fuels, and plastic products.
The company is also planning a new investment in China to ensure sustained growth in the coming years. As Xu Lijie concluded the interview, he said, “The source flows longer, and the horse moves forward. We look forward to an even brighter future in China.â€
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