Fuyao Glass Group

 Fuyao Glass Industry Group Co.,Ltd.

Fuyao Group is a joint venture corporation founded in 1987 in Fuzhou，specialized in production of automotive safety glass and industrial technological glass, and is the first company of the trade in China listed in the Shanghai Stock Exchange in 1993 named Fuyao Glass with the share code number 600660. The group has over 10000 employees and built automotive glass production bases in Fuqing, Changchun, Chongqing, Shanghai, Guangzhou, and Beijing and the modern float glass production bases in Fuqing of Fujian, Shuangliao of Jilin, Tongliao of Inner Mongolia, and Haikou of Hainan, and has established a complete production and sales network across the country. The total assets have accrued from 6.27 million yuan when registered in 1987 to 9.0 billion yuan of the present. It is a transnational company with business offices in America, Japan, Korea, Australia, Russian, Germany,West Europe, and East Europe, etc.

Fuyao Group is the largest, most advanced manufacturer, and the biggest exporter of the automotive glass in China. The “FY” trademark of the products so far stands out exclusively in the Chinese automotive glass industries as the “Chinese famous trademark” and since 2004 received two times consecutively the title of “China Famous Brand Products”. Fuyao products are appraised to be “the Nationwide End-user Satisfied Products” and the board of directors “the Best 10 Board of Directors”. The share of Fuyao Glass is one of the 50 Index Sample Shares of the Shanghai Stock Exchange, “the Beauty 50” – the 50 most developing A-shares of blue chips of the listed companies by the New Finance, and the “China Securities · Asia Business Consulting Top 50 Leading Listed Companies in China for Business Sustainability”, etc. It is among the leading 50 blue-chip A-share companies for several years. And it’s the “China’s Best Corporate Citizen”, too.

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Editor's Note: Cao Dewang, board chairman of the Fuyao Group, a leading Chinese auto glass manufacturer, recently spoke to Beijing News on the importance of valuing manufacturing and mastering core technologies and other issues following the novel coronavirus outbreak. Following are excerpts:

It is believed that after the outbreak, mistrust among countries will grow and they are certain to make some adjustments to their industrial chain policies, such as building a more independent, complete and secure industrial chain of their own. An anti-globalization trend could emerge, but it will harm all countries and spell disaster for the global economy.

After the outbreak, some countries might want to reduce their dependence on China industrially, something we must guard against, considering that it will be difficult for the global industrial chain to find an alternative economy to China in the short term.

The global industrial chain cannot and should not decouple from China. However, we must self-reflect on the fact that, because of rising labor costs, trade frictions and other factors, the cost of China's manufacturing industry has been rising, making it lose its previous competitiveness. For example, some manufacturing enterprises have started moving out to lower-cost Southeast Asian nations. The decline of manufacturing competitiveness will lead to the decline of China's national competitiveness, and we need to be vigilant against such a trend.

Many people often divide industries into high-end and low-end and in their eyes, internet and big data are high-end industries while manufacturing, with its cheap labor, is a low-end one. However, after the outbreak, one can say it is dangerous for a country to seriously depend on exports for traditional manufacturing products such as epidemic prevention materials. So, China must have some long and prosperous traditional industries.

To establish an independent and complete industrial system after the epidemic, China must not only pay attention to traditional manufacturing, but also master some core technologies, without which China's development will be under the restraint of foreign industrial chains.

Manufacturing is the foundation of a country's national economy and without it many so-called high-end industries cannot be developed at all. Excessive real estate investment and development in China in the past few years have led to the flow of bank capital, labor and other resources to the property sector, driving up manufacturing costs. If the country no longer blindly promotes real estate development, it will save large amounts of labor, capital and other resources for the development of other sectors.

Chinese auto glass manufacturer to invest on new equipment, add more jobs in US plant

Xinhua | Updated: 2020-01-08 11:14

At a ceremony held at Fuyao Dayton plant, Ohio Governor Mike DeWine expressed his recognition of Fuyao's contribution to the region.

"Fuyao Glass America (a subsidiary of Fuyao Group) has made a positive impact on the economy of Ohio through its investment and commitment to manufacturing," DeWine said.

In 2014, Fuyao bought a former General Motors facility closed in the 2008 financial crisis and turned the abandoned plant into a two-million-square-feet factory.

"It is really good to start off the New Year with this very good news about your expansion here," the governor added. "We are proud that you've made the Dayton area home ... We value very much this partnership."

Addressing the ceremony, Chinese Consul General in New York Huang Ping said "I strongly believe that when we work together we can build up a very good relationship based on collaboration, cooperation and stability to bring the tangible fruits to benefit the people of our two countries and the world."

In an interview with Xinhua, Cao Dewang, board chairman of Fuyao Group, said he is confident of Fuyao's operation in the United States and confident of the US market, and his company will continue to invest in the United States.

Fuyao Group has opened five factories in the United States. The Dayton factory now has 2,300 employees.

Founder: Fuyao looks to retool with robotics

Cao Dewang, founder and chairman of the Fuyao Glass Industry Group, believes that an economy based on manufacturing — with a high-tech twist — makes the most sense.

In a talk to international college students from the University of Cincinnati (UC), Cao stressed that such an economy is more sustainable.

On Friday, Cao gave a keynote speech at the Global Economic and Career Outlook Summit, organized by the Greater Cincinnati Chinese Chamber of Commerce and the Cincinnati Regional Economic Development Initiative.

"I never forget my initial vision of only doing one thing well — making auto glass. I used 35 years to get here," said Cao. "I began working (for Fuyao) as a salesperson. The history of Fuyao is my history. Today, we are the largest auto-glass maker in the world," Cao told the students.

Now, Fuyao, which was founded in 1987, has factories in nine countries and in five US states and provides glass for millions of autos a year, Cao said. It has more capacity than the other five major auto-glass makers combined and serves major brands such as Ford, BMW and Toyota.

Cao said that economic culture is changing, and it is difficult to find enough skilled workers in the US. Most skilled workers at Fuyao Glass America are over 60 years old, as many had watched such manufacturing jobs go to other countries in recent decades.

There is a need to utilize more robotics to improve production, Cao said.

"The US calls it the internet industry, Europe calls it Industry 4.0; in principal, the industry wants to use machines to improve productivity and lower costs," he said.

"We want, in two to five years, to become the company with the strongest technology," he said. "We aim to bring new technology and innovation to the industry. We want not only to be the largest in size but also the best in technology."

Cao invited the students to join Fuyao Glass America.

"We desperately need new technicians with software skills to run robots. The internet industry is more complicated. However, we will work toward that goal no matter what," said Cao, adding that Fuyao has undertaken various projects for technology innovation and R&D.

After $400 million in investment, Fuyao Glass America has started to see a profit, Cao said.

In Moraine, Ohio alone, Fuyao employs more than 2,300 people with prospects of hiring more next year. The company also plans to build a new factory in the US.

Cao criticized Wall Street for creating a virtual economy without creating real value, saying it's what drags an economy down.