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lnnovative Product Awards
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Recognition Awards for Various
Achievements
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Established：March 15, 1979
Headquarters：186 Yung Chi Road
Taipei, Taiwan, R.O.C.
 1979 |
Established on March 15 as the exclusive agent for Japan's Kobe Steel Ltd. to distr bute KOBELCO excavators and wheel loaders. |
| 198l |
Ranked No. 68 within the nation's Top 500 private and government owned trading companies by China lnformation Services. |
| 1983 |
Granted as the sole agent for Japan's Ryobi Ltd. to distribute RYOBl power tools and winches. |
| 1984 |
Began the manufacture of CNC machine tools. |
| 1986 |
Established Ryobi tech Corp., the joint-venture between Fair Friend and Ryobi Ltd. of Japan, to manufacture door closers. |
| 1987 |
Merged Bearing Casting Corp. to manufacture bearing housings and power transmission components. |
| ]988 |
Established Fairskq (Taiwan) Co., the joint-venture between Fair Friend and SKF Mekan AB of Sweden, the largest bearing housings manufacturer in the world. |
| 1989 |
Estadlished Taiwan lwaIa lndustrial Co., the joint-venture between Fair Friend and lwata Air Compressor Mannfacturing Co., Ltd. of Japan to manufacture spray guns and accessories. Established Fair Friend (Thailand) Co., Ltd., the joint-venture between Fair Friend and SKF Mekan AB. |
| 1990 |
Granted approval to go public by the Stock Exchange Commission. CNC machining center received the honorable award in the 1990 Innovative Products Competition. Completion of current Fair Friend Headquarters building in December; Taipei Taiwan. |
| 1991 |
Completion of machine tools factory,
computer factory, FSQ (Thailand) factory, and Taichung office building. CNC machining center received the Golden Dragon Award in the third R.O.C.Fine Product Exhibition. |
| 1992 |
Acquired membership in "Central Satellite System" sponsored by the Ministry of Economic Affairs. Established elevator division and parking garage equipment division to manufacture and distribute elevators and automobile parking garage equipment. |
| CNC machinine center received the honorable award in l992 lnnovative Products Competition. | |
| Successfully implemented Flexidle Manufacturing System (FMS) for the Yu-Long Automobile Company in the break drum production line. Acquired Cheer Electronic Corp. and Excellence Electronic Co., ltd. | |
| 1993 |
Patricipated in "FMS Experimental Program" sponsored by Mechanical lndustry Research Laboratory of lndustrial Technology Research lnstitute. lnvested in SNS Kanemitsu Corp. in Japan. Machine TooI Div. granted CNS and ISO-9002 approval. |
| 1994 |
Machine Tool Div. received special awards for "Symbol of excellence" and "Gold National Award of Excellence". |
