
In Nov 2008, Dr. Qian Haipeng, the founder of the Group and expert of national "Thousand-talent Plan" of the Organization Department of CPC, established Fundant (Changzhou) Advanced Metal Technology Co., Ltd. in the scenic Jintan District, Changzhou City. The company started production in 2010, and immediately broke through the monopoly of European and Japanese companies for high precision sawing wire over past dozen years. He changed the industry standard of sawing wire, and promoted localization of sawing wire. In 2011, Fundant was listed among The Top 10 Enterprises with the Best Investment Value, awarded The Youngest ever Five-Star Industrial Enterprise in Changzhou and was included into the Jiangsu Innovative Team and won RMB21 million prize money. Though undergoing the wave of bankruptcy in PV enterprises afterwards, Fundant has maintained sound development with total tax contribution to local government exceeding RMB400 million by the end of 2016, and is only leading company that has never suffered any loss in the PV industry.
Excellent business performance enables Fundant to continue research and development and make investment into innovation while our peers are struggling to gain a foothold in the industry. In July, 2014, the new company, Fundant (Jiangsu) Advanced Metal Technologies Co., Ltd. settled in Jintan Economic Development Zone, which served as Fundant's special material base. The company made a breakthrough in the mass production of patented reflective isomeric ribbon for worldwide leading clients in 2016, and provided a simple, economical and efficient solution for the ribbon shading problem of PV modules confluence which has puzzled the industry since the initial stage.
As the launch of our patented special diamond wire in the market in 2017, we will soon complete strategic positioning of company in the PV industry by connecting through the entire value chain of industry for consumbles and auxiliary materials. Fundant plans to rely on strong alliance with our customers and deep understanding of application engineering to pave the way toward Chinese-made special material empire through internal R&D and a series of incubation/M&A, and strive to win the world praise for China's innovation in special material industry.