Era Plastic Industry Group Co Ltd in Taizhou, East China's Zhejiang province. [Photo/WeChat account: tzfb001]
Ten brands from Taizhou, East China's Zhejiang province, were recently included on the 2023 China brands value list, two more than the previous year and the third most in the province.
The list, which was jointly released by Xinhua News Agency, the Zhejiang Provincial People's Government, China Brand Building Promotion Association and China Asset Appraisal Association, contains 720 brands in total, which have a combined brand value of 10.15 trillion yuan ($1.44 trillion) and are divided into 19 groups according to the different industries they are involved in.
Era Plastic Industry Group Co Ltd, which has a value of 14.13 billion yuan, more than any other company from Taizhou that made the list, ranked fourth in its group.
For two years in a row, Weixing Group Co Ltd and Wepon Pharmaceutical Group Co Ltd made the list. The two companies' brand value amounted to 9.05 billion yuan and 1.72 billion yuan, respectively, up by 4.95 percent and 13.69 percent year-on-year.
It is also worth noting that eight of the 10 listed brands from Taizhou saw their brand value top 1 billion yuan.
Other companies that made the list from the city include Zhejiang Crystal-Optech Co Ltd, Zhejiang Yinlun Machinery Co Ltd and Zhejiang Xianju Pharmaceutical Co Ltd.