The story
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. In the 1980s, most domestically manufactured boilers were of poor quality and had high risk of exploding, while Broad's did not.
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.
In 2015, BSB built a 57-storey Mini Sky City that stands at a height of 204 m. The construction of the tower took just 19 days. The Tower was built using pre-manufactured steel modules which are also going to be used in construction of the Sky City One.
From Wikipedia’s article on Broad Group, shared under CC BY-SA 4.0.3