Fushi Copperweld, Inc. (NASDAQ: FSIN), through their wholly owned subsidiaries, manufactures bimetallic composite wire products, primarily focusing on copper-clad aluminum and copper-clad steel wires. Fushi has established itself as the largest domestic manufacturer and supplier of bimetallic composite products in the People’s Republic of China. The company’s two subsidiaries, Fushi Internatioanl (Dalian) and Copperweld Bimetallics, LLC, allow them to conduct business operations around the world and enter richer markets.
Copper-clad aluminum (CCA) is the company’s core product, which combines the conductivity and corrosion resistance of copper with the lightweight and relatively low cost of aluminum. It has proven to be a commendable substitute for single copper wire in a wide variety of applications such as coaxial cable for cable television (CATV), signal transmission lines for telecommunication networks, distribution lines for electricity, wire components for electronic instruments, and devices.
Copper-clad steel (CCS) brings together the high conductivity of copper with the higher tensile strength and relatively low cost of steel. Fushi’s bimetallic composite wire products are produced using their proprietary patented “rolling bond welding” manufacturing technology, which was included as a research project under the National Torch Program in the People’s Republic of China. By utilizing this proprietary technology, the company can produce high quality award winning products that deliver stable conductivity performance.
Fushi has continuously increased production over the years. The company currently operates 40 production lines with a capacity of 24,000 annual tons. Their production facilities comprise more than 500,000 square feet of factory space, and can accommodate up to 100 production lines. The research and development (R&D) department includes full-time engineers and R&D personnel highly experienced in metal processing, machinery design, material science, process control automation and cable manufacturing.
Since the majority of Fushi’s sales are made to finished cable manufacturers, the company strives to continually enhance their R&D department so that they can produce the highest-grade products. Many cable manufactures are seeking new ways to reduce cost through the use of bimetallic products and Fushi is confident that they can meet these needs. Having recently completed a large expansion in capacity, the company’s objective is to continue sales growth through increasing market share in the fast-growing PRC market as well as expanding international sales initiatives.
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