CLOs on the Move

Fuyao Glass Industry Group Co., Ltd. (briefly “Fuyao Group”) was founded in Fuzhou, China, in 1987. It is a large multinational company specializing in the manufacture of automobile safety glass and industrial technical glass. It was listed on the main board of Shanghai Stock Exchange (Stock Code: 600660) in 1993 and Hong Kong Stock Exchange (Stock Code: 3606) in 2015, which formed the “A+H” model involving two capital platforms inside and outside mainland China. Since its inception, Fuyao Group has always been committed to manufacturing quality glass independently for Chinese people and playing a supporting, but significant role in China`s ...

Fuyao Glass Industry Group Co., Ltd. (briefly “Fuyao Group”) was founded in Fuzhou, China, in 1987. It is a large multinational company specializing in the manufacture of automobile safety glass and industrial technical glass. It was listed on the main board of Shanghai Stock Exchange (Stock Code: 600660) in 1993 and Hong Kong Stock Exchange (Stock Code: 3606) in 2015, which formed the “A+H” model involving two capital platforms inside and outside mainland China. Since its inception, Fuyao Group has always been committed to manufacturing quality glass independently for Chinese people and playing a supporting, but significant role in China`s automotive industry. To this end, it upholds the core values of “diligence, simplicity, learning and innovation,” and adheres to its strategic path of independence, application and R&D, and openness and inclusiveness. After more than three decades of development, Fuyao Group now boasts a number of modern production bases in sixteen provinces and cities in China and nine foreign countries, such as America, Russia, Germany, Japan, and South Korea, and four R&D centers in China, America, and Germany, with 24,000 employees worldwide. In 2016, its business income totaled 16.621 billion yuan, with a net profit of 3.144 billion yuan. At present, Fuyao Group has grown into the world`s largest automotive glass supplier, with its products recognized and purchased by the world`s top automobile manufacturers and major OEMs, such as Bentley, Mercedes-Benz, BMW, Audi, GM, Toyota, Volkswagen, Ford, and Chrysler. Providing services supporting OEMs globally and customized solution packages for automobile glass, it has been awarded as an excellent global supplier by various auto makers. Fuyao Group has been included in the list of Top 500 companies and Top 500 private enterprises in China by Fortune magazine for many years. It has also received various social awards and honors, such as the Outstanding Corporate Citizen of the Year Award, the Outstanding Listed Company of the Year Award, and the CCTV Outstanding Employer of the Year Award. Since the year of 1987, Cho Tak Wong, as an individual donor, has donated more than eight billion yuan, which won him the reputation as the “real top philanthropist”. In 2009, he was awarded Ernst & Young`s World Entrepreneur of the Year, equivalent to the Oscars, but for entrepreneurs. In 2016, he won the Phoenix Award, the most prestigious prize in the global glass industry, and the panel observed that “led by Cho Tak Wong, Fuyao Group has changed the global structure of the automotive glass industry”.

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