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Company History

Chronology Company History

1979 Established on March 5th, 1979 as the exclusive agent in Taiwan for Japan's Kobe Steel Ltd. to distribute KOBELCO construction machinery.
1981 Ranked number 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 a 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 second 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 third R.O.C. Fine Product Exhibition.
1992 Joined the Center-Satellite Factory System, sponsored by the Corporate Synergy Development Center under the Ministry of Economic Affairs. Established the elevator division to manufacture/distribute elevators and parking garage equipment. Successfully built the first flexible manufacturing system (FMS) in Taiwan for Yu-Long Automobile Company for the production of brake drums. FMV-1350A Moving Column Machining Center and FTC-2802S CNC Lathes received the honorable award in the third Machine Tools Research and Development Innovative Products Competition.
1993

Participated in the FMS Experimental Lab Program sponsored by the Mechanical and Systems Research Laboratory of Industrial Technology Research Institute.
The Machine Tools Division was granted CNS and ISO-9002 approval.

Established Hangzhou Good Friend Precision Machinery Co., Ltd.
1994 The Machine Tools Division was the only company in the machinery industry to receive the prestigious Symbol of Excellence and Gold National Award of Excellence awards.
1995 FMV-1350 received the Silver National Award of Excellence. 
CNC Lathes and VMC received the award for Fine Design Product.
1996 Received a special award 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. 
Completed the first construction phase of the Hangzhou Xiaoshan production base.
1997 FV-1000A received the honorable award in the fifth 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 the civil technology project of “Composite Processing Curved Surface Technique”.
2000 Established Dajai Factory - the second factory of our Machine Tools Division.
Published the research results of “High-Speed Milling and Cutting Machining Center in Aluminum Alloy” for the Science and Technology Development Program.
Granted ISO14001 approval.
2001

Hangzhou Good Friend began production of CNC machinery.

Began the second construction phase of the Hangzhou Xiaoshan production base. 
Joint venture with Turbo Cam USA and established Turbo Fair Cooperation.

Granted CE approval.
QM-22/32 and V-700 both 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 its production base for forklifts.
2003

Built the second complete set of Flexible Manufacturing Systems (FMS) for college education usage in China.

Completed the third construction phase of Hangzhou Xiaoshan production base.
2004 Completed the fourth construction phase of the Hangzhou Xiaoshan production base.
Established Hangzhou Global Friend Precision Machinery Co., Ltd. in Xiasha Technology Park, which occupies 176,000 square meters.
2005 Design and manufacturing systems made by the Forklift Division were granted ISO9001:2000 approval.
2006 Hangzhou Good Friend Precision Machinery Co., Ltd. was listed on main board of The Stock Exchange of Hong Kong.
2007

Transferred our forklift production line to Xiasha Technology Park.

Completed the second construction phase of Xiasha Technology Park.
2008 Established Fair Friend Institute of Electromechanics in Hangzhou (Xiasha).
2009 Completed the first construction phase 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 named “2010 Top Ten Persons in China's Machine Tool Industry” by China International Machine Tool & Tools Exhibition (CIMES).
2011

Fair Friend Group had 69 branch offices in China and, in the month of March alone, FFG orders exceeded 802 sets.

By April, accumulated orders totaled 2,238 sets which showed an increase of 87% compared with the same period in the previous year.
2012
Mr. Jimmy Chu of Fair Friend Group (FFG) was named “2012 Top 10 Innovative Chinese Manufacturing Figures” by Asian Manufacturing Association (AMA).
“Common Wealth”, an authoritative business magazine in Taiwan, launched a survey and ranking of the “Top 1,000 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 the machinery and machine tools categories.
2013 Fair Friend Group invested in the acquisition of 1 Russian and 5 German and machine tool companies (Hüller Hille, Hessapp, Modul, Witzig & Frank, VDF Boehringer, FFG Russia). This was the largest merger in the global machine tool industry in recent years.
2016
FFG Chairman Mr. Jimmy Chu was named “2016 Ernst & Young Entrepreneur Of the Year”. FFG demonstrated a virtual factory and production line of the Feeler VMP-580 at IMTS 2016 using the HTC-Vive. FEELER Five-Axis Vertical Machining Center U-600 was given the 25th Taiwan Excellence Award.