Company Profile

Zhejiang Fugang Group Co., Ltd. was founded in 1991. It has now transformed and upgraded into a high-end intelligent manufacturing new material enterprise specializing in the deep processing, R&D and production of special steel.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 won over 400 honors, including the Gold Medal of the 50th International Exhibition of Inventions of Geneva.It is the first short-process iron and steel enterprise in Zhejiang Province to complete the whole-process publicity of ultra-low emission transformation, assessment and monitoring.

Fugang has independently created the "3+1" development model, forming a new business system consisting of three major businesses—special steel, new materials, and special alloy plates—and one manufacturing service platform.From 2020 to 2025, the Group’s cumulative investment in innovation exceeded 2.5 billion yuan. Its zero-magnetic steel products were selected for the Zhejiang Provincial Key New Materials First-Batch Application Demonstration Guidance Catalog (2025 Edition) and will be applied in ultra-low magnetic environments such as aerospace, zero-magnetic medicine, controlled fusion energy, and chip manufacturing.The Special Alloy Plate Project was launched in 2023, establishing the only complete special alloy plate production line in China. The Group’s core products are widely used in military industry, nuclear power, energy, domestic and foreign roads & bridges, marine engineering and other fields.The Group is committed to the high-quality development of high-end equipment manufacturing, providing solid support for the construction of a strong manufacturing province.

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.After more than 30 years of sustained development, the Group has achieved a magnificent transformation from ordinary steel to high-quality steel from high-quality steel to special steel,and now to a product structure of special steel plus new materials.With craftsmanship to forge quality and sincerity to build the future together, Fugang strives to become a world-class intelligent manufacturing expert in special alloy materials.