Fair Friend Group Company History
|1979||Established in March 5th 1979, as the exclusive agent in Taiwan for Japan’s Kobe Steel Ltd. to distribute KOBELCO construction machinery.|
|1981||Ranked No. 68 within Taiwan’s “Top 500 Private and Government Owned Trading Companies”.|
|1984||Acquired “Lien-Fong” and “Feeler” machinery factories and entered the field of selling machine tools and manufacturing accessories.|
|1985||Established the Machine Tools division.|
|1986||Established Ryobi Tech Corp., a joint-venture between Fair Friend and Ryobi Ltd., to manufacture door closers.
Completed the R&D of Taiwan’s first Moving Column Machining Center.
|1988||Established FairSKQ (Taiwan) Co., Ltd., a joint-venture between Fair Friend and SKF MEKAN of Sweden (the world’s largest bearing manufacturer), to manufacture bearing housings and power transmission products.|
|1989||Established Taiwan Iwata Industrial Co., Ltd., a joint-venture between Fair Friend and Iwata Air Compressor Manufacturing Co., Ltd.,
Japan’s largest spray paint equipment manufacturer. Established Fair Friend (Thailand) Co., Ltd., a joint-venture between Fair Friend and SKF MEKAN.
Transformed to CNC machine tool manufacturer.
|1990||Completion of Fair Friend’s head office building. FMV-1000 Moving Column Machining Center received the honorable award in the 2nd Machine Tools Research and Development Innovative Products Competition.|
|1991||Completion of machine tools factory, computer factory, FSQ (Thailand) factory, and Taichung office building.
First unit of CNC machine tool sold to China through T.Chatani & Co., Ltd.
CNC lathes and machining centers received the Golden Dragon Award in the 3rd R.O.C. Fine Product Exhibition.
|1992||Joined the “Center-Satellite Factory System”, sponsored by Corporate Synergy Development Center under the Ministry of Economic Affair.
Established the elevator division to manufacture / distribute elevators and parking garage equipment. Successfully built the 1st Flexible Manufacturing System (FMS) in Taiwan for Yu-Long Automobile Company for production of the break drum.
FMV-1350A Moving Column Machining Center and FTC-2802S CNC Lathes received the honorable award in the 3rd Machine Tools Research and Development Innovative Products Competition.
|1993||Participated in “FMS Experimental Lab Program” sponsored by Mechanical and Systems Research Laboratory of Industrial Technology Research Institute.
Machine Tools Division was granted CNS and ISO-9002 approval. Established Hangzhou Good Friend Precision Machinery Co., Ltd.
|1994||Machine Tools Division received special awards for “Symbol of Excellence” and “Gold National Award of Excellence”, and was the only company in the machinery industry to receive such honor.|
|1995||FMV-1350 received the Silver National Award of Excellence.
CNC Lathes and VMC received the award for Fine Design Product.
|1996||Received special awards for Industrial Technology Development of Excellence.
FTC-4502S received the Silver National Award of Excellence.
FMV-1700 and FV-600 received the Symbol of Excellence.
Completion of the first phase construction of Hangzhou Xiaoshan production base.
|1997||FV-1000A received the honorable award in the 5th Machine Tools Research and Development Innovative Products Competition.
Public debut of Flexible Manufacturing System (FMS) for the Science and Technology Development program.
FTC-10/20/30, FV-1000A, FV-1200 and FAIR500 (FMS) received the Symbol of Excellence.
Establishment of Machine Tools Manufacturing Division and Parking Garage Equipment Division in Hangzhou Good Friend to distribute CNC machinery and parking garage equipment.
|1998||FV-1300SE/1500 and FMH-400/500 received the Symbol of Excellence.|
|1999||Granted ISO9001 approval. FV-1500 received the Sliver National Award of Excellence.
Commissioned by the Ministry of Economic Affairs to implement civil technology project of “Composite Processing Curved Surface technique”.
|2000||Established Dajai Factory – the second factory of Machine Tools Division.
Published the research result of “High-Speed Milling and Cutting Machining Center in Aluminum Alloy” for Science and Technology Development Program.
Granted ISO14001 approval.
|2001||Hangzhou Good Friend began production of CNC machinery. The second phase construction of Hangzhou Xiaoshan production base began.
Joint venture with Turbo Cam USA and established Turbo Fair Cooperation. Granted CE approval.
QM-22/32 and V-700 received the Symbol of Excellence.
|2002||FG-10/20-30 Automation for CNC Lathes, QM-22/32/40/22APC and V-700 5-Axis received the Symbol of Excellence.
Hangzhou Good Friend expanded the production base for forklifts.
|2003||Built the second complete set of Flexible Manufacturing System (FMS) for college education usage in China. Completion of third phase construction of Hangzhou Xiaoshan production base.|
|2004||Completion of fourth phase construction of Hangzhou Xiaoshan production base.
Established Hangzhou Global Friend Precision Machinery Co., Ltd. in Xiasha Technology Park.
The park occupies of 176,000 square meters.
|2005||Design and manufacturing system made by Forklift Division were granted ISO9001:2000 approval.|
|2006||Hangzhou Good Friend Precision Machinery Co., Ltd. was listed on main board of Hong Kong Stock Exchange.
Acquired Taiwan listed PCB company YETI Electronics Co., Ltd (which was later renamed as Best Friend Technology Co., Ltd.)
|2007||Transferred forklift production line to Xiasha Technology Park. Completion of the second phase construction of Xiasha Technology Park.|
|2008||Established Fair Friend Institute of Electromechanics in Hangzhou (Xiasha).|
|2009||Completion of first phase construction of Hangzhou Ever Friend production base in Xiasha, mainly manufacturing gantry machining centers.|
|2010||Completed the offering and listing of 67,200,000 units of Taiwan Depository Receipts (“TDR”) on the Taiwan Stock Exchange.
Mr. Jimmy Chu of Fair Friend Group (FFG) was awarded by China International Machine Tool & Tools Exhibition (CIMES) as “2010 Top Ten Persons in China’s Machine Tool Industry”.
|2011||Fair Friend Group has 69 branch offices in China and in the month of March alone had orders exceeded 802 sets, cumulative to April was orders of 2238 sets which had increased 87% compared with the same period a year before.|
|2012||Mr. Jimmy Chu of Fair Friend Group (FFG) was awarded by Asian Manufacturing Association (AMA) as ” 2012 Top 10 Innovative Chinese Manufacturing Figures”.
“Common Wealth”, an authoritative business magazine in Taiwan, launched a survey and rankings of TOP 1000 Taiwan Manufacturers in 2012.
Fair Friend Enterprise was revealed with remarkable rankings in the category of all Taiwanese manufacturers and ranked No.1 in both machinery category and machine tools category.
|2013||Fair Friend Group invested in the acquisition of 5 German and 1 Russian machine tool companies(Hüller Hille、Hessapp、Modul、Witzig & Frank、VDF Boehringer、FFG Russia). It is the biggest merger in global machine tool industry in recent years.|
To learn more about the Fair Friend Group, click HERE.