Qingdao On-Billion Import and Export Co., Ltd. was established in 2004 with the approval of China Chamber of Commerce. As a comprehensive international trading company under the direct management of Qingdao Yijia International Trade Group Co., Ltd., it was founded on basis of No. 8 business department of Qingdao Yijia Tongshang Import and Export Co., Ltd. with registered capital RMB 11 million.

As the largest and best business department in Qingdao Yijia Tongshang Import and Export Co., Ltd., No. 8 business department was awarded as Advanced Business Department several times by Qingdao Foreign Trade and Economics Committee. Model Worker Awards of both provincial and municipal levels, Excellent Communist Party Member and Foreign Currency Earning Expert were honored to person in charge of this department. Since its foundation in 1993, this department targeted on the road of specialized chemicals and trained a marketing team which has high professional quality and strong capability for product developing. This department mainly handles export of furan series products, more than 16,000MT of which were transported abroad by means of container, ISO Tank and bulk packing in 2004. Through the last consecutive five years, its exported quantity of Furfural and Furfuryl alcohol had been staying among the first three in seating arrangement of China. In 2003 and 2004, its exported quantity of Furfural，Furfuryl alcohol，Tetrahydrofurfuryl alcohol（THFA）and 2-Methyl furan ranked as the first among enterprises of the same line.Due to this, it was awarded as Executive Board Director of Furfural and Furfuryl alcohol Sub-Association of China Chamber of Commerce of Metals, Minerals & Chemicals Importers and Exporters (CCCMC).

A great peculiarity of this company is to export fluid chemical products through ISO Tank, which enjoys lower transportation costs and environmental protection advantages. By adopting ISO Tanks package and utilizing them to export various products to Japan, Korea and Thailand since 1999, this company has now become one of the biggest international trading companies specializing in ISO Tanks operation in China. Up to now, it has 50 tanks for cyclical use, and its annual export volume of furan series liquid chemicals exceeds 16,000MT.

Besides import and export of above-mentioned chemicals, Qingdao On-Billion Import and Export Co., Ltd. has successfully exported a few high-tech items including high-grade food additives, flavor and fragrance, agricultural and rubber intermediates etc. Taking advantage of domestic production technology innovation and production cost advantages, Qingdao On-Billion Import and Export Co., Ltd. carries out technology cooperation with foreign clients by inviting foreign production into China and exporting finished products totally with high quality. This not only is both beneficial for foreign client and this company, but also elevates research and development standard of this company.

Qingdao On-Billion Import and Export Co., Ltd. owns an state-of-art research and development center, headed by two excellent doctors. By use of advanced apparatus and equipments, this center targets on synthetic methods of chemical compounds and explore the most efficient production techniques. Affiliated with national renowned science and research institutions such as China Science Institute and People??￥s University of China, this center has set up sound cooperation relationship with other research institutes both at home and abroad like Merck Company, USA.

In order to achieve a sustainable development structure and guarantee supply of exported products, it invested and established two joint ventures in recent years. In this way, its industrial construction was stably being carried out. Therefore, its business volume reached USD 25 million in 2004, and it was awarded as one of the top 100 enterprises by export of Qingdao City. Its export market covers more than 10 countries and regions including the United States, Canada, Europe, Africa, Australia, Japan and South Korea.