Photos by Tang Yibing
HU AN CABLE hosted over 30 local cable distributors at the recent opening ceremony of its Singapore wholly-owned subsidiary, Hu An Electric (Singapore) Pte Ltd.
The main function of its Singapore office-cum-warehouse, located at Bukit Batok Crescent, is to drive sales of its mid- high-end wires and cables to high-growth markets in Southeast Asia, Central Asia, South America, Africa and the Middle East.
The Singapore-listed group will ship over its products manufactured in its plants in China and warehouse them in Bukit Batok.
The products are high value-added cables which were introduced to potential customers at the recent opening ceremony --- shipping cables, rubber and mining cables, mineral-insulated copper-clad cables and medium/high/ultra high voltage cables.
Being among the top 10 largest wire and cable manufacturers in China, Hu An Cable is probably the first to set up an overseas sales office.
The Group is upbeat on its prospects overseas.
Mr Xu Guochen, the Group's Vice President, gave a speech on the Group's vision to grow regionally, leveraging on its sales presence and listing status in Singapore.
“Singapore is a top player in the ever growing Asian market and offers world-class access to strategic markets.”
Mr Dai Zhixiang, Executive Chairman and CEO of Hu An Cable, has previously said: “Overseas markets are attractive to China’s domestic players due to the growing demand for infrastructure investment and sustainable energy supply in those high-growth economies."
For Hu An Cable's FY2012 results announcements, click here.