Founded in 2014, Fangtong Auto Equipment Co., Ltd. has a registered capital of 120 million yuan, covers an area of more than 200 acres, and has a factory building of 100,000 square meters. The products include aluminum and copper radiators, intercoolers, condensers, heaters, and car air conditioners. Condenser, automobile aluminum, plastic fuel tank, aluminum foil, aluminum ingot and other ten series of more than 30 kinds. In September 2014, the company passed ISO/TS16949 audit and registration; in October 2015, the city-level enterprise technology center with investment of 10 million yuan, the automotive cooling system laboratory, was put into operation. The company is a member unit of Shandong Automobile Industry Association and a member of the China National Standardization Association Automobile Maintenance Products Technology Promotion Committee. The radiator products have successfully matched Zhongtong Bus, Shenyang Jinbei, Wuzheng Group, Chery Heavy Industry, Ruize Heavy Industry, Shandong Tractor Factory and Liuzhou Hengda Power Machinery. The domestic market share of leading products is about 5%.
In 2014, the company invested in a new production project with an annual output of 20,000 tons of aluminum products, with a total investment of 420 million yuan, planning 60,000 square meters of new workshops, warehouses and office buildings, and building three cold rolling production lines and one hot rolling production line. Purchase 27 sets of various equipments. After the project is completed, it can reach an annual production capacity of 20,000 tons of aluminum strip, aluminum foil and high-frequency welded pipe. At present, the investment has reached 300 million yuan, and the construction workshop has nearly 30,000 square meters. The cold rolling hot rolling equipment and personnel have been put in place, the installation is completed, and it will be running soon.