| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1995 |
| Founders | Liu Yongxing |
| Headquarters | , China |
| Products | Animal feed, Aluminum, Chemicals, Polysilicon |
| Revenue | CN¥179 billion (US$25.3 billion) (2023 [1] ) |
Number of employees | 30,000 (2023) |
| Website | www.easthope.cn |
The East Hope Group (officially East Hope Group Co Limited) is one of the ten largest aluminum producers in the world and is also active in the fields of green energy, polysilicon, chemicals, and agriculture. [2] [3] East Hope Group is based in Shanghai, China. [4]
At the end of the 1970s, Liu Yongxing and his brothers ventured into the electronics industry. They founded a company, but it was eventually shut down due to the political climate, which viewed such companies as too capitalist. [5] Undeterred, the brothers turned their attention to agriculture in 1982 and joined forces to found the Hope Group. The company initially focused on quail and chicken breeding in Sichuan province and established the Hope Research Center for Animal Feed in 1986. [6]
In 1995, the Hope Group split into four separate companies: West Hope Group, New Hope Group, Continental Hope Group, and East Hope Group. Liu Yongxing retained parts of the agricultural business and expanded into the heavy chemical and aluminum industries. This led to the establishment of the East Hope Group, which developed into one of the largest aluminum producers in the world. By 1999, Liu had moved East Hope's headquarters to Shanghai. [6]
The East Hope Group has 101 subsidiaries engaged in animal feed production and is responsible for several popular brands such as East Hope, Golden Bean, and Qiangda. In addition to China, the East Hope Group is also active in Vietnam, Singapore, Indonesia, and Cambodia. [7]
The company entered chemical production in 2006. Products include cement, clinker, methanol, dimethyl ether, PVC and other chemical products. Projects under construction include a coal-to-methanol and olefins project. [8]
In 2013, the company entered the photovoltaics industry and rose to become one of the leading polysilicon manufacturers. [9]
East Hope is one of the largest producers of aluminum worldwide. [10]
In 2025, Kazakhstan's Prime Minister Olzhas Bektenov met with Liu Yongxing, chairman of the Board of East Hope Group, to discuss a project to establish a vertically integrated industrial park for the production of “green” aluminum in Kazakhstan. The planned project covers the entire production cycle of “green” aluminum, from raw material extraction to the further processing of high-quality materials. The first phase involves the construction of an ore processing plant with an annual processing capacity of two million tons of aluminum oxide and an electrolysis plant for the production of one million tons of aluminum per year. [11] [12] The project volume is estimated at over US$12 billion. [2]