Broad Group

Broad Group
IndustryManufacturing
Construction
Energy services
Founded1988
FounderZhang Yue
Headquarters
Changsha, Hunan
,
China
Key people
Zhang Yue (Chairman & CEO)
ProductsAbsorption chiller
Air-conditioning
Sustainable building
Air purifier
ServicesEnergy services
RevenueUS$900 million (2007)[1]
SubsidiariesBroad Sustainable Building
Broad Air Conditioning
Websitewww.broadusa.com

Broad Group is a private manufacturer of central air conditioning non-electric absorption chillers that are powered by natural gas and waste heat based in Changsha, China. It is also the parent company of Broad Sustainable Building, a prefab building company. The company was established in 1996 and exports products to over 60 countries.[1]

History

1988–1992: The early years

Zhang Yue founded Broad in 1988, registering the company in Chenzhou, Hunan province. Using his savings of $3000, Broad developed industrial boilers based on Zhang's patented design.[2] In the 1980s, most domestically manufactured boilers were of poor quality and had high risk of exploding, while Broad's did not.[3]

1992–2005: Move to Changsha and rise

In 1992, the company was moved to Changsha and began manufacturing absorption chillers. At the time, the government provided incentives for non-electric chillers to relieve strain on the national electricity grid, contributing to the company's rise as it became the global leader in absorption chiller by sales in 1996; it entered the international market in 1998 and today, its sales in domestic and international markets split evenly.[3]

In 2015, BSB built a 57-storey Mini Sky City that stands at a height of 204 m.[4] The construction of the tower took just 19 days.[4] The Tower was built using pre-manufactured steel modules which are also going to be used in construction of the Sky City One.[4]

Innovations

Invented in 2009, the BSB achieves high energy efficiency and carbon reduction primarily through thermal insulation, preventing cool air from leaving indoors and hot air from coming in from outdoors when the weather is hot and vice versa when the weather is cold, and requires short construction time since parts are pre-fabricated in factories and assembled onsite.[citation needed] BSB has also been tested to be able to resist a 9.0 magnitude earthquake and was recommended in a United Nations Environment Program report on the rebuilding of Sichuan after its catastrophic earthquake in 2008.[5]

Environmental record

In May 2011, Broad's founder and chairman, Zhang Yue, was awarded the Champions of the Earth Award (Entrepreneurial Vision Category) by the United Nations Environment Programme for Broad's commitment to climate change. It was one of the ten companies to be recognized by the BusinessWeek Greener China Business Awards in 2009.[6] It was also named one of the "20 Most Admired Companies in China" in 2001, ’02, ’04, and ’05 by China's Economic Observer and Peking University.[7]

References

  1. ^ a b KPMG (2008). "Changsha Investment Environment Study" (PDF). {{cite journal}}: Cite journal requires |journal= (help)
  2. ^ "Company Summary". Broad. Archived from the original on 27 November 2011. Retrieved 20 July 2011.
  3. ^ a b Haffner, John. "Zhang Yue: A Call for Discipline in a World Out of Control". Carnegie Council. Retrieved 20 July 2011.
  4. ^ a b c "Chairman Zhang's flatpack skyscrapers". BBC News. Retrieved 2020-09-29.
  5. ^ "Broad Pavilion Built under 24 hours". Phoenix Television. Retrieved 21 July 2011.
  6. ^ "Businessweek Greener China Award". Businessweek. Archived from the original on May 22, 2009. Retrieved 21 July 2011.
  7. ^ Fallow, James. "Mr. Zhang Builds His Dream Town" (PDF). Atlantic Online. Retrieved 21 July 2011.

28°12′46″N 113°07′15″E / 28.212676°N 113.120792°E / 28.212676; 113.120792

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