Hengtong
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]
| Public | |
| Traded as | SSE: 600487 |
| Industry | Power and fiber optic cable |
| Founded | Sino-Japanese Joint Venture Wujiang Miaodu Optical Cable Co., Ltd. (October 1993) |
| Founder | Cui Genliang |
| Headquarters | Suzhou, China |
| Revenue | 7.8 billion RMB (2012)[1] |
| Website | www |
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
- "China's next 100 global giants" (PDF). Association of Chartered Certified Accountants.
- "HENGTONG ranked in 7th in the list of Top 100 Global Wire & Cable Producers by Integer". PR Newswire. September 22, 2017.
- "OFS, Hengtong to Form Joint Venture". Photonics Media. June 29, 2010.
- "Hentong Photoelectric to Set up a Optical Cable Manufacturing & Sale Company in Brizil with Brascopper". ResearchInChina. March 12, 2012.