MoU was signed on March 25, 2018
Hengtong Optic-Electric India Pvt. Ltd is the 51st wholly-owned subsidiary. Hengtong Optic-Electric Co. Ltd and its wholly owned subsidiary ABERDARE HOLDING EUROPE B.V will invest more than 25M USD in the first phase and another 10M USD in the future. Hengtong Optic-Electric India Pvt. Ltd plan to commence the production in the middle of 2019, and will create more than 300 jobs in the first phase.
Hengtong Group is the top3 wire and cable manufacturer in the world, possesses 50 wholly-owned companies and holding companies (3 of which are listed on Shanghai Stock Exchange’s main board, Singapore, Hong Kong, and Indonesia), establishes industrial bases in up to 10 provinces of China and in Europe, South America, South Africa, South Asia, and Southeast Asia, and marketing technological service branches in over 30 countries and regions around the world, supplying products in over 120 countries and regions.