Hengtong (SSE: 600487) or Hengtong Group is a China's largest power and fiber optic cable manufacturer.[2]: 14
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.[3]
The company claimed the top spot with annual revenue growth of 46.5% from 2008 to 2012 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
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The company was founded in 1991 and in 2003 was listed on the Shanghai Stock Exchange.
Hengtong Group was one of the first businesses in its province to establish a Communist Party branch within its organization.[2]: 14 When it was established, Hengtong Group founder Cui Genliang stated his view that "Communism is a productive force."[2]: 14 Hengtong Group's characterizes its core business mission as "serve the people and devote to society," a reference to Mao Zedong's speech Serve the People.[2]: 56
Corporate structures
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Hengtong Group has 70 subsidiaries.[2]: 56
Joint ventures
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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.[4]
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.[5] 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.[5]
Hengtong purchased a 51% in Huawei Marine Networks (a joint venture with Global Marine Systems of the UK from 2008), due to U.S. sanctions on Huawei.[6]
References
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Description:
Who are we?
Hengtong Group is an international company with a diverse range of areas covering Fibre-Optic, Power Cable, Construction and Maintenance, Financial Service, Capital Investment, Information Technology and Tourism. Hengtong has 80 wholly-owned companies and holding companies (some are listed on various Stock Exchanges: Shanghai, Singapore, Hong Kong and Indonesia) with 10 manufacturing facilities based in China, Europe, South America, South Africa, South Asia and Southeast Asia. As well as sales offices in over 30 countries and regions around the world supplying products to over 130 countries. Hengtong Group is the largest Optical Fibre and Power Cable manufacturer in China and the fourth largest in the world. It is also the largest Optical Fibre communication producer globally.
Committing to innovation and social responsibility is at the heart of Hengtong. Hengtong is implementing and transforming to intelligent manufacturing to make Hengtong the most advanced cable manufacturer in the world.
What we do
Fibre, Data, Communication, Electrical, Financial, Tourism, Real Estate, Capital investment, Information technology, Research & Development.
We manufacture the following cables and wires. Power (LV, MV, HV, EHV), Submarine (MV, HV, EHV), PV Solar, DC, Bare Overhead Conductor, OPGW, Rubber. Fibre-Optic, Fibre Cables and Preform. Data/Comms, LAN, Telephone, Instrumentation, Signalling and Battery Storage.
Snapshot
Employees: 22,000
Factory Size Total, China: 2,200,000m²
Factory Sizes China: HQ 600,000m², HPC/HWC/HSW 700,000m², HHV 267,000m², HPC/HSW North 56,500m²
Factory Size Overseas: 800,000m²
Hengtong in China: Largest cable manufacturer in China
Hengtong Globally: 4th largest insulated cable manufacturer in the world.
Fibre: One of the largest fibre producers in the world
CCV Lines: 12 Total. HHV: 3 x Troester, HPC: 5 x Nanjing Yigong, 3 x Nokia,
1 x Jilin Baicheng
VCV Lines: 6 Total. HHV: 6 x Troester
Degassing Rooms: 37 Total. HHV: 14 Land & 16 Submarine, HPC: 7.
Submarine: Longest Length Produced – 1600mm² 1 core Cu 220kV x 30km
Maximum Diameter Produced – 500mm² 3 core Cu 220kV (260mm diameter)
Laboratory Accreditation: HPC Test Lab is CNAS(NATA), TÜV Rheinland and VDE certified
Download Hengtong Group’s product catalogues below:
Bare Overhead & OPGW
HV Cables
Instrumentation Cables
LAN Cable and Accessories
LV Cables
MV Cables
Solar Cables