Manufacturer VerifiedChina

Zhejiang Hailiang Co., Ltd.

Hailiang

Zhejiang Hailiang Co., Ltd. is the worlds largest manufacturer of copper tubes, copper fittings, and copper alloy products, founded in 1989 in Zhuji, Zhejiang, China. With annual revenue of approximately ¥87.39 billion (~$12.0B), the company operates major manufacturing bases in China, the United States (Texas), Vietnam, and Thailand, employing approximately 15,000 people. Hailiangs rapid ramp-up

ChinaEst. 198915,000¥87.39 billion (~$12.0B, FY2025)Major bases in China (Zhejiang), USA (Texas, 50,000-ton capacity expanding to 90,000), Vietnam, ThailandShenzhen Stock Exchange: 002203Score 84

Business Nature

Worlds Largest Copper Tube Manufacturer with Global Production Network: Hailiang operates integrated copper tube manufacturing facilities across China, the United States, Vietnam, and Thailand. The company controls the full production chain from copper billet casting through extrusion, cold drawing, annealing, and finishing, with the Texas USA facility representing a landmark "build-inside-the-tariff-wall" strategy.

Core Business Areas

Copper Tubes & Pipes — Core Business
• Air conditioning and refrigeration ACR copper tubes for HVAC systems
• Plumbing copper tubes for residential and commercial water distribution
• Industrial copper tubes for heat exchangers, condensers, and evaporators
• Medical gas copper tubing for healthcare facility pipeline systems
• Insulated copper tube assemblies for split-system and VRF air conditioning

Copper Fittings & Connectors — Core Business
• Press-fit copper fittings for plumbing and HVAC applications
• Brazed and soldered copper connectors for refrigeration systems
• Custom copper manifolds and distributor assemblies
• Brass and bronze fittings for specialized industrial applications

Copper Alloy & Specialty Products — Core Business
• Copper-nickel alloy tubes for marine and desalination applications
• High-conductivity copper for electrical bus bars and power distribution
• Antimicrobial copper surfaces for healthcare and public facilities
• Precision drawn copper profiles for automotive and electronics applications

Global Manufacturing & Distribution — Core Business
• Texas, USA production base 50,000-ton capacity, expanding to 90,000 tons
• Vietnam manufacturing facility serving Southeast Asian and export markets
• Thailand production base for regional HVAC and refrigeration supply
• Zhejiang, China headquarters with multiple large-scale integrated production complexes

Industry Rankings

9Top 10 Metal Products Manufacturers & Suppliers

Mfr

Corporate Report

Zhejiang Hailiang Co., Ltd. is a China-based global copper product manufacturer headquartered in Zhuji, Zhejiang Province. Founded in 1989, Hailiang has grown into the world''s largest copper tube manufacturer with FY2025 revenue of ¥87.39 billion (~$12.0B), 15,000 employees, and major manufacturing bases in China, the United States (Texas), Vietnam, and Thailand. Listed on the Shenzhen Stock Exchange (002203), Hailiang exemplifies the new model of globally integrated Chinese manufacturing — building production capacity inside major consumer markets to achieve tariff-free market access.

Core Business

Hailiang''s core business is copper tube manufacturing for air conditioning, refrigeration, plumbing, and industrial applications. The Texas USA facility — rapidly scaled from zero to 50,000 tons of annual capacity — represents a landmark "defensive FDI" strategy: building production inside the US tariff wall to completely bypass 25%+ Section 301 tariffs on Chinese-made copper products. The facility now serves US HVAC and plumbing customers with domestically manufactured copper tube. Revenue reached ¥87.39 billion (~$12.0B) in 2025, positioning Hailiang among the world''s largest pure-play metal products manufacturers.

Key Strengths

• Estimated 30%+ global copper tube market share providing unmatched scale economies. • Landmark Texas facility completely bypassing US tariffs — the template for Chinese manufacturers'' "defensive FDI." • Vertical integration from copper smelting through tube drawing capturing full value chain margin. • ¥87.39 billion revenue providing financial capacity for aggressive international expansion.

Challenges & Outlook

Heavy dependence on construction and HVAC cycles creates market sensitivity. Texas factory scaling carries significant execution risk in US labor markets and regulatory environments. However, Hailiang''s global manufacturing footprint, dominant market position, and demonstrated ability to execute complex international capacity expansions position it to benefit from long-term global infrastructure and HVAC demand growth. VerityRank Score: 84/100

VerityRank Score

84/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Zhuji, Zhejiang, China

Founded

1989

Employees

15,000

Factories

Major bases in China (Zhejiang), USA (Texas, 50,000-ton capacity expanding to 90,000), Vietnam, Thailand

Listing

Shenzhen Stock Exchange: 002203

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: Official Website , Hailiang Official Site
Reuters: Hailiang Company Profile
Sina Finance: Hailiang (002203)
Copper Development Association: Industry Data

Back to Rankings