In 1987, Futong Group was founded in Jinqiu Avenue in Fuyang, Zhejiang Province. In the beginning, Futong was just a small plant producing communication materials. After nearly 30 years of exploration and development, Futong’s products cover telecom operators, electric power, electronic appliances and other fields, making Futong one of the leading companies in the domestic industry and continue to expand its business abroad.
“Double Major Businesses” to BuildFutong’s Global Competitiveness
“Double Major Businesses” strategy is now being used by Futong to strengthen its core competitiveness. So, what is “Double Major Businesses” strategy? This strategy takes optical communications and energy power transmission as two main directions for Futong’s future development. These two fields have vast potential for further development. At present, Futong takes innovation as the core power to strengthen these two businesses.
In 2015, in the field of optical communication, Futong continued to keep the development of production and marketing, guaranteeing the supply for national information network construction on a large scale. At the same time, Futong launched the Optical Communication Whole Industrial Chain Project, aiming at building the global giant communication industrial chain factories integrating the productions of optical fiber preform, optical fiber, optical cable, and raw material so as to realize zero logistics, zero inventory, and to improve its product competitiveness. In the field of energy transmission, Futong takes "high temperature superconducting cable, low, high and ultra-high voltage cable, precision copper, oceanic optical cable wires and civilian industry wire" as the core of its “Second Business".
As for Futong’s industry planning, Mr. Xiao exclaims that Futong will build an optical communication enterprise group with global competitiveness on the basis of optical communication business. In the field of energy transmission, Futong will aim to build first-class cable companies in Asia and to face up with the global competition.
As one of the few domestic technology enterprises with independent intellectual property rights to produce optical fiber preform, Futong’s Oprical Fiber Preform Project is included in the National "863" Plan. Futong is the standard maker of China's optical fiber preform and the optical fiber technology. In the field of energy transmission, Futong took a big share of bids in large enterprises such as National Grid, and its production volume continues to rise. In addition to the emphasis on infrastructure market, Futong also extends its business to the civilian market. With its technical advantage, Futong successively cooperates with a number of foreign brands in technology research and development, aiming at seizing the most advanced market opportunities.
Forge Optical Communication Whole Industry Chain to Face the "Made-in-China" Strategy
In May 2015, Futong’s optical communication whole industry chain project officially started. On the basis of optical communication industry, this project combined the "Smart Manufacturing" and the idea of "Industry 4.0", aiming at the innovation of " production organization mode, pattern of industrial organization and market model", forming a vertical integration and horizontal integration through the whole industry chain, which will greatly enhance the global competitiveness of China's optical communication industry.
Jiashan optical communications intelligent manufacturing research and development center is founded for hatching and application of new technologies, training technical personnel, and practicing new technology of "Industry 4.0". It will also become Futong’s largest optical communication industry and technology research and development base in China, and lay a foundation for implementation of Futong's Optical Communication Whole Industrial Chain Project.
In the future, Futong will continue to adhere to the road of innovation-driven development, and will combine "manufacturing technology, automation technology, and information technology, forming “Smart Manufacturing”, building the “optimal cost, the most scientific and most competitive” advanced manufacturing mode, and providing the Internet economy with new secure supply.
Practice National Strategy, Move towards the Internationalization
Chinese manufacturing enterprises participate in competition of international market, following the national strategy of "One3 Belt and One Road" ,"going out", Which is the inevitable choice to realize industry transformation and upgrade for China's manufacturing enterprises in the background of new normal economy, meeting the needs of global competition.
In the communication exhibition hall of Futong headquarter research and development building, A big world map is particularly conspicuous, each symbols indicating Futong’s Footprint into global market: starting from Hangzhou, with the foundation of Thailand for the internationalization of enterprise, setting up industry base; setting up the regional management headquarters In Europe and North America; Futong’s products cover more than 40 countries and regions such as the Association of South-East Asian Nations (ASEAN), Africa, Europe, America and Russia…expanding the international market with open ideas to achieve the global layout. This map has completely presented stage results and grand vision of Futong’s internationalization.
Early in 1995, Futong began to explore its internationalization road, actively carry out international cooperation. Realizing internationalization of technology, management mode, and capital is the first step of Futong’s internationalization.
1995, Futong and Showa Electric Wire Group established a joint venture cooperation, introducing advanced technology and management mode, focusing on communication cable, data cable, and the manufacturing of electronic line. Three years later, Futong’s fiber manufacturing technology succeeded, becoming the first domestic private enterprises to enter the field of fiber drawing.
At present, Futong has formed an optical fiber preform research and development manufacturing system with independent intellectual property rights. On the basis of strengthening and improving the total synthesis technology of independently manufacturing optical fiber preform, Futong actively promote the upgrade of optical fiber perform manufacturing technology and industrialization, enrich domestic special optical fiber products, and improve the optical fiber industrial chain. In the process of technological innovation, Futong’s research and development system is becoming perfect. At present, Futong not only owns Futong Technology Institutes, the state-level enterprise technology center, and seven state-level high-tech enterprises, but also undertake many national "863" Plan. Futong won the award of “The National Information Industry Important Technical Invention” and “Second Prize of State Science and Technology Progress”.
As the leading enterprise in China's optical communication industry and the standard maker of Chinese optical fiber preform and the optical fiber technology, Futong is clinging to the national strategies of “One Belt And One Road”, "China and Asean connectivity" and " Build Information Highway Project in Africa" and other strategic opportunities, making efforts to build the international first-class enterprise.
Time-lines
1987——Futong Group was founded, and successfully produced core line
1990——Successfully produced copper clad steel line
1993——Tried to manufacture communication cable and other products
1995——Began to manufacture communication optical cable products
1998——Successful produced optical fiber
2001——Successfully produced optical fiber preform
2004——Successfully developed large size optical fiber preform
2005——Organized and participated in China telecommunication optical fiber anti-dumping
case and won final victory
2006——Successfully developed various series of optical fiber preform
2007——Successfully developed many series of optical fiber products
2012——Made standards of China's optical fiber preform manufacture technology
2013——Entered the field of high and ultra-high voltage power cables
2015——Started the Jiashan optical communication whole industrial chain projects
2015——Initiated and participated in China telecommunication optical fiber preform
anti-dumping case and won final victory
Pace of Globalization
Cooperation with Showa Electric Wire Group
In 1995, Futong Group cooperated with Japan Showa Electric Wire Electric Cable Co., LTD ., one of the five big wire and cable enterprise groups. In 1998, Futong joint venture with showa electric wire again, becoming one of the first companies to enter the field of fiber drawing in China. In 2011, Futong merge and acquire 18.54% of Showa Electric Wire Group’s stocks, becoming the single largest controlling shareholders of Showa Electric Wire Group.
Hong Kong
In 2003, Futong Group acquired High-tech Bridge Optical Communication Co., LTD. in Hong Kong. Founded in 2008, Futong Group (Hong Kong) management headquarters, relying on Hong Kong's geographical advantages, attracts many talents.
Cooperation with Sumitomo Electric Industries
Since 2008, Futong Group has cooperated with Sumitomo Electric Industries, one of the global top 500 enterprises in the fields of optical communication and optical fiber preform. Joint venture sites cover Hangzhou, Shenzhen, Hong Kong, Chengdu and Tianjin.
Thailand
In 2012, Futong Group completed the largest and the most advanced and most complete varieties of modern optical cable factory in ASEAN region, also set up high-quality comprehensive cable testing center.
According to introduction, Futong Group (ASEAN Region) Thailand factory plans a total investment of RMB 500 million. Next, Futong Group will actively provide ASEAN Region information infrastructure construction with high-quality service.
Europe
In 2015, Futong Group acquired Luxembourg Castle Home Hotel in Luxembourg, Europe. Futong Luxembourg Hotel as a bridge to connect Futong Group and Europe, is an important platform for Futong to serve for the development of Europe, and has important strategic significance to enhance the internationalization level of Futong.
Mexico
In 2015, Futong Group and Holley Group set up industrial park in Mexico, constructed platform for high-end industrial chain, jointly geared to the needs of international development, expanded the North American market, and faced the South American market.
Network Telecom Lisa Zhu |
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