Continuous improvement – Confirming position in the international market

Pho Yen Mechanical Joint Stock Company (FOMECO) is one of the leading companies in the precision engineering industry in our country. The company’s head office is located in the Bai Bong ward, Pho Yen town, Thai Nguyen province. The company’s main products include: all kinds of bearings, motorcycle spare parts, auto parts, mechanical details such as rollers, conveyors, spare parts for the construction industry.

Over the past 40 years of operation, the Company has constantly innovated and developed. To meet the increasingly diverse needs of the market, the Company always focuses on the investment in modern equipment and production lines with high automation. With the capacity of over 1,000 production equipment, of which over 50% are devices with digital control programs, FOMECO is confident to meet the most stringent requirements for quality from customers. In the coming time, the company aims to be a pioneer enterprise in the field of mechanical processing in Vietnam, always be a reliable companion, contributing to the success of domestic and foreign customers.

Mr. Ha The Dung – Director of FOMECO said: “More than 80% of technology equipment, production lines, inspection and packaging have been automated, mostly invented by the company. In order to have stable quality, regardless of human subjectivity, automation has a decisive role”.

Thanks to the right strategy and determination of the long-term direction of the Board of Directors. Only in the last 5 years, FOMECO’s sales have an average growth rate of 14% / year. The company’s products are not only supplied for the domestic market but also exported to major international markets. Many of FOMECO’s customers are global companies from developed countries such as Japan, Korea and the United States.

With bold actions to invest in human, machinery, equipment, advanced science and technology in order to improve labor productivity and product quality. The Board of Directors and the shared consensus of more than 900 employees, production and business activities of the Company are maintained, stable and annual growth> 5%.

From a strategic vision and direction, combined with dynamism, the Company currently has a project to transform products into larger value-added activities. Specifically, FOMECO is shifting from small mechanical engineering, low-end services to manufacturing industries, high precision supporting industries, products containing high levels of gray matter such as high quality bearings, products. Support for FDI enterprises, products exported directly to the Japanese market have brought value and advantages for the Company in the market.

Productivity and Quality Officea