Nanning Zhengpei Hardware and Electromechanical Co., Ltd. (referred to as Zhengpei Company) is a professional manufacturer and wholesaler of hardware and electromechanical products, founded in 1988 by Mr. Chen Zhengpei, an American overseas Chinese. In 2002, the company had over 583 employees. The company has assets of 320 million yuan and produces and sells over 20000 tons of hardware and electromechanical products such as galvanized iron wire and welding rods annually.Established for 36 years, with 580+employees, annual sales revenue of 320 million yuan, and annual output value of 20000+tonsPei Company has established production bases and trading companies mainly focused on building hardware in Henan, Guangdong, and Guangxi provinces in China. In April 2004, Zhengpei Company was approved by the Ministry of Commerce of China to invest and establish "American Zhengpei International Co., Ltd." in the United States. Its products were sold to the United States, making it the first private enterprise in Guangxi to invest in the United States after the reform and opening up. In 2012, Zhengpei International Co., Ltd. successfully acquired two sandwich chain stores in California, USA. In 2013, Zhengpei Petroleum Co., Ltd. was established and successfully acquired four chain gas stations under Shell and Chevrolet Oil Company in the United States. Foreign enterprises are initially developing towards diversification.