Hengtong

Hengtong Group
Public
Traded as SSE: 600487
Industry Power and fiber optic cable
Founded Sino-Japanese Joint Venture Wujiang Miaodu Optical Cable Co., Ltd. (October 1993 (1993-10))
Headquarters Suzhou, China
Revenue 7.8 billion RMB (2012)[1]
Website www.htgd.com.cn/en/index.asp (in English)

Hengtong (SSE: 600487) is a Chinese power and fiber optic cable manufacturer. It is listed as the 7th largest manufacturer in market research firm Integer's 2017 Top 100 Global Wire & Cable Producers and the only Chinese cable manufacturer to make the ranking's top 10.[2]

The company claimed the top spot with annual revenue growth of 46.5% from 2008-12 in a report by the Association of Chartered Certified Accountants titled "China's Next 100 Global Giants", a ranking of Chinese businesses with the most global growth potential.[1]

History

The company was founded in 1993 and in 2003 was listed on the Shanghai Stock Exchange.

Joint ventures

In 2010, the company formed Jiangsu OFS Hengtong Optical Technology Co., a joint venture with OFS, a US subsidiary of Furukawa Electric, to manufacture optical fiber preforms.[3]

In 2012, the company announced a joint venture in Brazil with local cable manufacturer, Brascopper, to establish a manufacturing facility for fiber optic cable in Mato Grosso do Sul.[4] Hentong will hold 51% of the JV, which was established to further the company's goal of expanding in Brazil and the rest of Latin America.[4]

References

  1. 1 2 "China's next 100 global giants" (PDF). Association of Chartered Certified Accountants.
  2. ↑ "HENGTONG ranked in 7th in the list of Top 100 Global Wire & Cable Producers by Integer". PR Newswire. September 22, 2017.
  3. ↑ "OFS, Hengtong to Form Joint Venture". Photonics Media. June 29, 2010.
  4. 1 2 "Hentong Photoelectric to Set up a Optical Cable Manufacturing & Sale Company in Brizil with Brascopper". ResearchInChina. March 12, 2012.
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