Zhejiang Fugang Group Co., Ltd. was founded in 1991. It has completed industrial transformation and upgrading to evolve into a high-end intelligent manufacturing new materials enterprise specializing in special steel, integrating cutting-edge R&D, full-process manufacturing and customized technical services.The Group has more than 1,000 employees. Adhering to the mission of “Solving problems for users, creating wealth for society” and the values of “People-oriented, quality-winning, resource integration,achievement sharing”, its business covers more than 30 countries and regions around the world. In 2025, the Group’s main business revenue reached 6.5 billion yuan, with taxes paid of 136 million yuan. The cumulative total tax payment of the Group has exceeded 2 billion yuan since 2009.

The Group and its subsidiaries have been awarded more than 400 honors including the Gold Medal at the 50th Geneva International Exhibition of Inventions. It is the first electric furnace short-process steel enterprise in Zhejiang Province to complete the public notice for ultra-low emissions.

Throughout its development, in light of its own operational reality, Fugang put forward the concept of becoming a hidden champion in segmented industries. It reconstructed the industrial value chain with its original "3+1" development model, establishing a brand-new business system consisting of three core businesses — special steel, new materials (Fubai), and special alloy plates — plus one manufacturing service platform.From 2020 to 2025, the Group’s total investment in innovation exceeded 2.5 billion yuan. It has developed over a hundred high-end new material products, which have been successfully applied in national strategic and cutting-edge technology sectors including controllable fusion energy, aerospace, zero-magnetism medical equipment, and national defense military industry. The Group has obtained numerous innovation accreditations such as national and provincial ministerial research grants, key R&D projects, and demonstration certifications for the first batch of new materials, the implementation and transformation of technological achievements have achieved remarkable results.

Through resource coordination and strategic layout planning, Fugang has introduced the first complete set of rolling mill equipment in China. The special plate project was officially launched in 2023 and fully completed and put into operation in 2025. This project boasts China’s sole professional full-industry-chain production line for special alloy plates. Adopting flexible production modes for high-end manufacturing sectors, it addresses the core bottleneck that China’s high-end plate products were fully reliant on imports. Committed to advancing high-quality development of high-end equipment manufacturing, the Group provides solid support for building a province with robust manufacturing capabilities.

Fugang relies on its enterprise R&D center, and has established an "Industrial Chain Collaborative Innovation Consortium" with key domestic enterprises such as Baowu Special Metallurgy Co., Ltd. and Shanghai Electric SHMP Casting & Forging Co., Ltd., as well as prestigious universities including Zhejiang University, Southeast University, Northeastern University, and University of Science and Technology Beijing.The consortium deepens the four-in-one integration of industry, academia, research and marketing in multiple dimensions.With over 30 years of steady development, Fugang has unswervingly pursued its transformation strategy and achieved a remarkable upgrade in product portfolio: from ordinary carbon steel to high-quality steel, then to special steel, and now to a composite product system combining special steel and new advanced materials. Upholding craftsmanship for superior quality and integrity for shared growth, the Group strives to grow into a world-leading intelligent manufacturing expert in special alloy materials.