DALIAN, China, Aug. 18 /PRNewswire-Asia-FirstCall/ -- Fushi Copperweld,
Inc., (the 'Company' or 'Fushi') (Nasdaq: FSIN), the leading global
manufacturer and innovator of copper-clad bimetallic wire used in a variety of
telecommunication, utility, transportation and other electrical applications,
today announced that the Company became one of the newest members of the World
Economic Forum's (WEF) Community of Global Growth Companies (GGC), a group of
rapidly growing companies that are redefining the global economy.
'Fushi Copperweld is extremely proud to be nominated as a Member of the
World Economic Forum's Community of Global Growth Companies,' said Fu Li,
Chairman and Chief Executive Officer of Fushi Copperweld. 'Our growth has
been very strong and we continue to have high expectations for the future.
The Community of GGCs is an obvious next step forward in realizing our long
standing goals of exploring and benefiting from the vast growth opportunities
our products present us with around the globe.'
Established at the 2007 Inaugural 'Annual Meeting of New Champions', also
known as the 'Summer Davos', the Community of GGCs are a new breed of high-
growth enterprises that are global in outlook and capable of reshaping the
global business landscape. The membership is made up of the 500 foremost
global growth companies and Fushi has fulfilled the criteria to become a GGC
Member, namely:
-- Established intent and capacity to build a global business
-- Extremely strong growth rate (72.7% in 2008)
-- Demonstrated leadership in shaping the future of their industry
-- Exemplary reputation and executive leadership
Fushi plans on attending this year's 'Summer Davos', which will be held in
Dalian, China, on 10-12 September 2009. The Meeting in Dalian, China, will
bring together over 1,000 industry, government and thought leaders to debate
and define the course needed to relaunch growth. Fushi expects the GGC
Community to work as a platform for influencing future trends and technology
development on a global scale.
