Fair Friend Group (FFG) was established in 1979 and strives for excellence with the founding principles of reliability, growth, continuous advancement, and highest quality standards. FFG consists of three major divisions of businesses: (1) Machine Tool Division, (2) Industry Equipment Division, and (3) Green Energy Division. Products ranges from CNC machine tools, power tools and equipment, forklifts, construction machinery, parking garage equipment, pneumatic equipment, printed circuit boards, LCD monitors and TVs, solar cell conductive adhesives, LED lighting, magnesium alloy forging, and testing equipment for semiconductors and LED wafers. FFG has 95 production and operation bases worldwide which collaborate together to share the group's global resources. Transforming from dealer to manufacturer, then from traditional industry to high-tech industry, enabled FFG to advance not only in management and technology, but also in the quality of products and services which meet or surpass international standards.
With China's rapid economic development and global expansion, FFG set up its China subsidiary, Hangzhou Good Friend Precision Machinery Co., Ltd., in 1993 in the Xiaoshan District of Hangzhou City. The main products from this operation include CNC machine tools, parking garage systems, and forklifts. Hangzhou Good Friend has been the largest foreign owned machine tool manufacturer in China since 1993 thanks to dedicated efforts from our employees and support from the government. This branch also earned Xiaoshan Development Zone's prestigious Top Ten Economic Contribution Corporation award. To adapt to the needs of rapid corporate development, FFG has subsequently established its Xiasha and Jiangdong Industrial Campuses. The Xiasha Industrial Campus includes Hangzhou Leadwell CNC Machine Tools Manufacturer Co., Ltd., Hangzhou Global Friend Precision Machinery Co., Ltd., and Hangzhou Ever Friend Precision Machinery Co., Ltd. with a total investment of $135 million USD. These three companies are now all in operation and production. The main products include a double column machining center, horizontal machining center, five axis machining center, and forklifts.
With improvement and perfection of management, technology, quality, marketing, service, and suppliers, Hangzhou Good Friend Precision Machinery Co., Ltd. has been successfully listed on the main board of the Stock Exchange of Hong Kong (SEHK) in January 2006 (stock code: 2398). The listed company, Good Friend International Holdings Inc., was the first company listed in 2006 in Hong Kong, and also the first CNC machine tools, parking equipment, and forklift manufacturer listed in Hong Kong. Government officials paid special attention and offered a great deal of support for the development of Hangzhou Good Friend. FFG capitalized on this opportunity and used it as motivation to speed up the development of Hangzhou Good Friend, expanding market penetration in China and implementing a regional strategy.
FFG's Jiangdong Industrial Campus currently includes Hangzhou Glory Friend, Hangzhou Feeler Takamaz, and Anest Iwata-Feeler. This campus will congregate companies from Taiwan, Japan, America, and Europe. It will form a complete supply chain network, as well as a stable logistics system, and become a global machine tools manufacturing center. FFG is the leading group in the global machine tools industry with a complete CNC industry supply chain, global resourced R&D capabilities, and an extensive sales network.
Fair Friend upholds mutually beneficial, win-win partnerships with shareholders, customers, vendors and employees. We maintain social responsibility by focusing on our core value of “Taking from society and feeding back to society”. In this way, Fair Friend realizes the importance and necessity of fulfilling corporate social responsibility. It is clear that by propagating this responsibility within the corporation, we are able to innovate our corporate brand image, create new value, and reach our goal of sustained operations. Looking toward the future, FFG seeks to establish win-win partnership with shareholders, customers, vendors and employees by reviewing feedback from relevant internal and external stakeholders. In this way, we maintain sustained operations and fulfill our vision of corporate social responsibility. Everyone at FFG works together to achieve the goal of becoming a good corporate citizen.