Shandong Haiwang Chemical Co., Ltd. is a large group company with production and sales of crude salt, bromine and bromide as its major business, and covers the fields of real estate, mining, finance and logistics. It is among the top 50 industrial enterprises in Weifang and top 500 chemical enterprises in China.

　　The company lies on the south coast of Laizhou Bay with an area of 30km2. There is abundant underground brine resource in this area which is the unique resource superiority for salt, bromine and related chemicals.