In 1987, the founder of Hongbaoli, Mr. Rui Jinggong led 12 staffs to contract consecutive losses foam factory of Gaochun General Chemical Plant located in Shizishan beside Gucheng Lake. Under the harsh situration of no technique, no market, no fund and no autonomy, they started their arduous journey as an entrepreneur.
In 1992, Hongbaoli purchased 6.6 acres land near “Huaben Mountain”, started technical improvement project of blended polyol and built our own plant. In 1994, Nanjing Hongbaoli Co.,Ltd was established. The Enterprise was successfully listed on Shenzhen Stock Exchange SME Board on Sep.13th of 2017.
In 2012, our modernized garden style new headquarter which was also integrated with our enterprise culture was completely built in Gaochun Economic Development Zone and became local landmark building. In the same year, Hongbaoli new material industry park was put into production,till now polyurethane construction insulation panel industry involved in this park.
In 2015, PO project, as the largest investment project of Hongbali, was started in Taixin Economic Development Zone.
In 2004, Nanjing Alcohol Amine Chemical Co.,Ltd entered into Nanjing Chemical Industry Park, covering an area of 33 acres, and being the current world's largest production base of Isopropanolamine. In 2007, NanJing Hongbaoli Polyurethane Co.,Ltd. was registered, covering about 50 acres and becoming the national largest production base of rigid PU foam blended polyol.
In 1989, Hongbaoli rent the workshop of Cangxi Chemical Fiber Knitting Factory, and started to explore the national localization of polyol to break foreign monopoly of this industry and revitalize national industry. In 1991, Nanjing Polyurethane Chemical Plant was established with the approvement of Nanjing Economic Commission.