Zhang Shuhong - Lee Der Industrial

Lee Der Industrial

Zhang Shuhong worked at the Lee Der Industrial company for over ten years before taking over as head of the company's day to day operations. The Lee Der company, which is based in Foshan, China, and is also known as Lida, was a major supplier of toys and other products for Western companies, including Mattel and its subsidiary, Fisher-Price. Zhang was described by employees and co-workers as an entrepreneur. Lee Der Industrial was losing money and suffering financial loses at the time that Zhang took over operations. Zhang was credited with stopping the money loss. He invested much of Lee Der's earnings back into the company, investing in new buildings, capital and equipment. According to Lee Der employees, Zhang was planning to move one of his three factories to a new $5 million USD plant that had recently been completed. Zhang was reportedly devoted to the Lee Der Industrial company. He resided on the factory grounds in a 25-square-meter room for the 10 years before his death to be close to his work. Zhang also owned two subsidiaries, which were named Hengjing and Shuaimeng.