MARCHASIA BUSINESS OUTLOOK8Lijing Zhou, Senior Vice President of Yangtze Optical Fibre and Cable Joint Stock Company (YOFC), a world-leading provider of optical fiber preforms, optical fibers, optical fiber cables (OFCs) and integrated solutions, recently arrived in Peru to meet with Pedro Bogarin, governor of San Martin, and accompanied him on a tour of YOFC's data center there. YOFC has been expanding its overseas footprint in countries and regions targeted by the Belt and Road Initiative since 2014 as a key part of its efforts to implement its globalization strategy. To date, the Company has established over 40 offices worldwide in Africa, Europe, Latin America and Southeast Asia. In 2022, sales revenue generated from YOFC's overseas business for the first three quarters accounted for over 30 percent of the Company's total revenue, outperforming the industry average in terms of growth.As the lead contractor for a national broadband project in Peru, YOFC was responsible for the acquisition of land, the obtaining of related licenses, installation of OFCs, construction of support facilities, as well as supply and installation of communication and support equipment. In the meantime, YOFC has provided computer facilities and network services to over 4,000 local organizations and government agencies, including schools, hospitals, police stations and central squares. To date, the company has acquired over 1,000 plots of land and related licenses for the project in addition to completing the installation of 7,000+ kilometers of OFCs, construction of over 800 sites as well as installation and commissioning of network equipment for most of the transmission sites.YOFC delivered 1.8 million kilometers of OFCs in the country in 2022, with a compound annual growth rate exceeding 30 percent. The Company's local customers range from major operators and data centers to national power networks. In the EPC project sector, YOFC has also made breakthroughs over the past two years by signing contracts for six nationwide projects in Indonesia. By addressing a number of challenges, among them the ongoing pandemic and a series of natural disasters, the team has ensured the quality delivery of the project. To date, YOFC has implemented engineering projects in 13 cities throughout the country and completed the construction of over 150,000 fiber-optic lines in Jakarta, Bandung and Palembang in tandem with completing the installation of nearly 1,000 km of backbone cables. By doing so, the company has become a key enabler of the country's digital transformation.In accordance with its purpose of `Smart Link Better Life', YOFC intends to keep putting its globalisation strategy into practise and broaden its global network in order to better satisfy the demands of international clients through its potent local supply and service capabilities. NEWSROOMCHINESE OPTICAL FIBER COMPANY YOFC OFFERS FIBEROPTIC SOLUTIONS ACROSS VARIOUS NATIONSYOFC DELIVERED 1.8 MILLION KILOMETERS OF OFCS IN THE COUNTRY IN 2022, WITH A COMPOUND ANNUAL GROWTH RATE EXCEEDING 30 PERCENT
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