Under the situation of China’s urbanization, industrialization, and modernization of agriculture, Fuyi Group’s decision makers are very decisive in investing in the agricultural machinery and construction machinery industry.
◆ 2007 The Group makes thorough investigation and argumentation in the domestic and overseas market of agricultural machinery and construction machinery, and elaborately draws up a blueprint.
◆ 2008 The Group set up Hubei Fuyi Agricultural Machinery Manufacturing Co., Ltd. which is the fourth subsidiary of Fuyi Group. The agricultural tractor company (the first phase) was completely only in 180 days. And the company only takes 86 days to launch the first FY102DT2 multifunctional tractor since the first equipment was installed. In 2009, the company produced over 6,000 sets of agricultural tractors; and in 2012, the company is capable of the annual output of 30,000 sets of agricultural machinery.
◆ 2009 The construction machinery plant (the second phase) started construction in April and was put into production on December 8. The plant mainly produces Fuyi excavators and loaders. With three years development, the company has more than 30 series of products in 6 categories, and the annual output capacity is 5, 000 sets of construction machinery.
◆ 2009 Hubei Fuyi Agricultural Machinery won the title of “Best Developing Enterprise” of Yicheng city, “Top 10 Enterprise” of Yicheng city in 2010, “Top 100 Enterprise” of Xiangyang city in 2011, and “Excellent Private Enterprise” in 2012.