Fair Friend Aims at World No.1 in 2018

Distribution, manufacture, product, brand ¡V the four focuses for FFG moving forward to high end product and services, which leading to an annual turnover amounting more than US$ 3.5 billion.

Economic Daily News ¡V June 2^nd, 2011

Rapidly growing FFG is aiming high at a grand goal of the largest machine tool builder in the world with revenue more than US$ 3.5 billion by 2018. Increasing distribution channels, increasing manufacturing plants, expanding product lines and global branding are the four major orientations with which FFG is reaching to its target.

Jimmy Chu, Chairman of FFG, indicated that FFG owns 24 production sites located around Taiwan, China, Japan, Italy and the US. More plants are coming up in Germany, Spain, Turkey, India, Korean, Brazil, Vietnam and Russia, in order for a broader coverage of production. In China 3 manufacturing strongholds are Zhejiang Province Xiaoshan, Xiasha and Jianin. Before 2018 FFG is going to run more than 40 production plants, which is a significant advantage of productivity.

As for global distribution and service network, new offices and service centers are to set up in India, Germany, Japan, Italy and the US.

China marketplace becomes extremely competitive in the recent years. FFG now has taken the lead in the field. It¡¦s scheduled before 2018 to build 200 service centers throughout China and each center is capable of providing technical supports, after-sale services, personnel training and turnkey project.

So far FFG¡¦s product lineup covers CNC machining centers, double column machining centers, grinders, boring and milling centers and so on. To provide a diverse and complete product line, large boring machines, lathes, EDMs, presses, plastic injection and other forming machines are to be included. Besides, electronics production equipment is another focus; machinery for touch sensing panels, display panels, solar energy, LED, IC and even aerospace products.

Chu emphasized from middle to high-end, from hardware manufacture to software integration, Fair Friend owns advantages from complete product range and technical supports. Therefore Fair Friend is confident of becoming the world No.1 target.

In light of ECFA and China¡¦s 12^th 5-Year Plans, Taiwanese machinery manufacturers enjoy great opportunities. ECFA has put into practice this year and it is tariff free for Taiwan to export machinery to China. Based on the same reason, Japan and Korea seek for more cooperation with Taiwan. Taiwan has adequate experience in R&D and international marketing, China provides a huge market and subsidiaries from its policies. The combination pictures promising prospects than ever.