FAVA International Holdings Limited(08108.HK)
Profile
Employees:
928
Email:
fava_international@fava.com.hk

WebSite:
http://www.fava.com.hk
Tel:
00852-28388108;21109598
Fax:
00852-27238108
Introduction from Google Finance
FAVA International Holdings Limited is an investment holding company. The Company is engaged in the manufacturing and sale of household products. The Company鈥檚 business segments are indirect retail of household products and others, and direct retail of household products. Its subsidiaries include Alwin Asia Investment Limited, Tedwood International Limited, Lang Fang Tian Feng Home Co. Ltd, Trader Group International Limited and Langfang Huari Hengyu Home Co. Ltd.
Reports
Introduction from Company WebSite

Corporate Background
FAVA International Holdings Limited is the leading solid wood furniture supplier in the PRC. Carrying a brand  covering solid wood furniture brand Huari , the Company is a large-scale integrated business engaged in furniture designing, manufacturing and retailing with its production based in Langfang city, Hebei Province, the PRC.

The Company aims to develop into a comprehensive enterprise providing a blend of production and retailing services. From comprehensive furniture design service to furniture production and assembly to delivery and installation, the Company positions itself as a leading and integrated solid-wood furniture supplier among all market players.

Our team has over 30 years of experience in furniture industry, the major  brand "Huari" has already been founded for 18 years, our existing retail network has also been built up for 12 years. Through over 500 retail distribution centers around the country, our products can be delivered to our customer very quickly. On the other hand, we are also actively creating a team with outstanding design technology, our group has established a furniture design team with more than 50 designers in our production bases in Langfang Hebei, and the group is still advertising for more talented persons, training more designers with basic esthetics knowledge to ensure our products can keep up with the world trend, and to lead solid wood furniture trend in China, maintain the group competitiveness.

The Group will continue to operate its business in the wholesale and retail of solid wood furnture in China.To address the rising production cost on capacity surplus as a result of the previous overexpansion, the Group had, before the third quarter of 2010 disposed of all self-operated retail business except for Lang Fang Huari International Exhibition Center("Hall A"), the Jixiangniao branded manufacturing and wholesale business which is mainly for low-end customers and Lang Fang Tian Feng Home Co. Limited, one of its subsidiaries which has halted operation.The Group focused its financial and management resources on the manufacturing and sales of household products targeting mid- to high-end customers. Meanwhile, the Group realigned its marketing strategy from increasing the number of self-operated retail shops to improving the profitability of the existing franchised retail shops and self-operated retail shops.


The Group will continue to improve its purchase strategy and seek out alternative suppliers for the purpose of maintaining and enhancing cost control. The Group will continue to invest in its brand and business, including product development, employee training and product promotion. The Group will continue to launch a number of marketing and promotional activities to improve the Group's brand image and brand awareness to customers.

 

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