Business representatives celebrate the listing of China PengFei Group Ltd on the Hong Kong Exchanges and Clearing Market (HKEX) on Nov 15. [Photo/ntjoy.com]

China PengFei Group Ltd was listed on the main board of the Hong Kong Exchanges and Clearing Market (HKEX) on Nov 15. Its stock code is 03348.HK.

Based in Hai’an, a county-level city in Nantong, East China's Jiangsu province, the company is a world-leading manufacturer of cement rotary kilns and grinding machines. It is the third Nantong company to be listed this year.

PengFei Group has been active in promoting cooperation with countries and regions involved in the Belt and Road Initiative. The company's products have been sold to more than 70 countries including Vietnam, Indonesia, Uzbekistan, Kazakhstan, India, and Brazil.

Its sales were valued at 1.02 billion yuan ($144.58) in 2018 and are expected to top 1.3 billion yuan this year.

Nantong currently has 44 listed companies, including 35 Chinese ones and nine foreign ones.