Hengtong has overseas vision

Editor's note: In this ongoing series on the birth and growth of privately owned Chinese companies that are redefining innovation, China Daily profiles Hengtong Group Co Ltd, a Jiangsu-based company engaged in optical fiber manufacturing and electric power and network construction, which eyes overseas expansion.


Hengtong Group Co Ltd, a Jiangsu-based company engaged in optical fiber manufacturing and electric power and network construction, aims to establish two to three overseas bases and achieve two to three overseas acquisitions annually. This plan is aligned with the country's Belt and Road Initiative.


The company is making efforts to speed up its overseas market activity. It has established seven research and development centers overseas, and set up branches for marketing and technology services in more than 30 countries and regions.


It established its first overseas factory in Brazil in 2012, followed by a joint venture in India in 2013. It also bought optical fiber and electric power enterprises in Indonesia, South Africa, Spain and Portugal in 2015.


It has registered trademarks in more than 100 countries and regions and its business covers 120 countries and regions. Its optical fiber products account for a 15 percent share of the global market.


"If there is no optical fiber web, there is no internet, let alone big data and cloud computing," said Cui Genliang, chairman and president of Hengtong Group.


The communication infrastructure is relatively backward in some countries along the B & R Initiative, which gives huge opportunities for Chinese companies like Hengtong to expand overseas, Gui added.


The article transsshipment from China Daily