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Fasing

Coordinates:50°16′51″N19°01′03″E / 50.280889°N 19.017528°E /50.280889; 19.017528
From Wikipedia, the free encyclopedia
Polish multinational metal industry corporation

50°16′51″N19°01′03″E / 50.280889°N 19.017528°E /50.280889; 19.017528

FASING Plc.
Mining Tools and Equipment Factories Capital Group FASING Plc.
Company typePublic company
WSEFSG
ISINPLFSING00010
IndustryMetal industry
Founded1913[1]
Headquarters,
Poland
Area served
Worldwide
OwnerKARBON 2 Sp z o.o. (60.12%)[2]
Number of employees
500–1000 (2020)
WebsiteFASING Group Website

FASING Plc. (orMining Tools and Equipment Factories Capital Group FASING Plc.) is a Polishmultinationalmetal industry corporation. It is one of the largestchain manufacturers in the world, and is the largest producer of industrial chains inCentral and Eastern Europe.[3] The firm's products are used, among others, in mining, energy, fishing, and the transport andtransshipment sector.

The company was founded in 1913 and has its headquarters inKatowice. It is listed on theWarsaw Stock Exchange.

Contemporary headquarters of Fasing Group in Katowice
Fasing production hall in 1989
Selection of industrial chains manufactured by Fasing

Business profile

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The company specializes in the production of link chains for:[4]

  • Mining – round and flat mining link chains, shearer chains, suspension and transport chains, hoist chains, chain assemblies, clamps and scrapers;
  • Fishing sector – trawling chains and others;
  • Energy industry – chains with increased resistance to abrasion, catches and chain assemblies;
  • Construction and transport – sling chains, forhoists and hooks.

In addition, the company's research laboratories carry out service activities in the field of steel chemical-composition analysis, hardness measurements, micro- and macrostructural tests and control of chosen measuring instruments.[5]

Portfolio diversification

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As part of the Group, FASING manufactures complete chain assemblies and steel structures used, among others in mining and heavy industry. The Group's offer is supplemented with steelforgings and smallmechanization equipment, primarily drills, couplings and pumps made by MOJ S.A. and Osowiec Foundry.[6]

In 2017, Fasing Accounting & Consulting Services Ltd. was created, an institution specializing in tax law and accounting.[7]

Timeline

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The key dates of the FASING Capital Group are:[8]

  • 1913 – Establishment of the company under the name Schlesische Gruben und Hüttenbedarfsgesellschaft m.b.H. (Śląska Górniczo-Hutnicza Spółka Akcyjna)
  • 1933 – Creation of the firm Machine Factory and Foundry MOJ
  • 1969 – Merger and establishment of the MOJ-RAPID Mining Equipment and Tools Factory.
  • 2000 – The majority stake of the Fasing Capital Group is taken over by KARBON 2; the company enters theWarsaw Stock Exchange.
  • 2006 – Foreign expansion through establishing a joint venture Shandong Liangda Fasing Round Link Chains Co. Ltd.
  • 2008 – Acquisition of shares in the German company K. B. P. Kettenwerk Becker-Prunte GmbH.
  • 2011 – Establishment of Fasing Ukraine Ltd.
  • 2014 – Expanding to Russia through the company Mining Equipment and Tools Factory Fasing LLC.
  • 2016 – Creation of a distribution company in China, Fasing Sino-Pol (Beijing) Mining Equipment and Tools Co. Ltd.
  • 2017 – Further businessdiversification through the creation of Fasing Accounting & Consulting Services Ltd.
  • 2019 – Entering the US market through Fasing America Corp.
  • 2021 – Strengthening presence in Germany through the establishment of a trading company FFS Fertigung FASING Schwarz GmbH.[9]

Locations

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The group is physically present in 7 countries on 3 continents:[10]

  • Poland[11]
  • United States
  • China
  • Germany
  • Russia
  • Czech Republic
  • Ukraine

Structure

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The firm is the parent company of the capital group, which includes:[12]

Production companies

  • Mining Equipment and Tools Factory Capital Group FASING Plc. with headquarters in Katowice (parent entity in the group)
  • MOJ S.A. with headquarters in Katowice (an enterprise of theelectromechanical industry) together with the Forge Department "Osowiec" with headquarters in Osowiec –Opolskie Voivodeship).
  • K.B.P. Kettenwerk Becker-Prünte GmbH – Germany
  • Shandong Liangda Fasing Round Link Chains Co., Ltd. (山东良达发兴圆环链有限公司) – China

Distribution companies

  • Fasing Sino-Pol (Beijing) Mining Equipment and Tools Co. Ltd. (华星中波(北京)矿用设备及工具有限公司) – China
  • Fertigung FASING Schwarz GmbH – Germany
  • Fasing America Corp. – USA
  • Fasing Ukraine Ltd. (ООО Фасинг Украина) – Ukraine
  • Mining Equipment and Tools Factory Fasing LLC (OOO Заклады Горного Оборудования и Инструмента Fasing) – Russia

Group portfolio diversification companies

  • Fasing Accounting & Consulting Services Ltd. (Fasing Usługi Księgowe i Consultingowe Sp. z o.o.) – accounting andtax law
  • Electron Poland Ltd.
  • Mining Services Company Greenway Ltd. (Przedsiębiorstwo Usług Górniczych Greenway Sp. z o.o.)

References

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  1. ^"Company people".The Wall Street Journal. Retrieved8 May 2020.
  2. ^"Stock data".Stooq.com (in Polish). Retrieved6 May 2020.
  3. ^"Factsheet".Warsaw Stock Exchange. 20 November 2014. Retrieved6 May 2020.
  4. ^"Chain and conveyor accessories".Albacore website. 13 May 2019. Retrieved8 May 2020.
  5. ^Klank, Maksymilian (2012)."Mining chains in high efficiency longwall systems"(PDF).AGH Journal of Mining and Geoengineering.36 (3):177–184. Retrieved8 May 2020.
  6. ^"Company profile".KARBON 2. Retrieved6 May 2020.
  7. ^"Firm register".Money.pl (in Polish). Retrieved6 May 2020.
  8. ^"History".FASING Homepage. Retrieved6 May 2020.
  9. ^"Stock market report".Stockopedia.com. Retrieved17 February 2022.
  10. ^"Management report on operations (2019)"(PDF).Bankier.pl (in Polish). Retrieved8 May 2020.
  11. ^"Fasing".podmioty.pl. Retrieved9 June 2024.
  12. ^"Member Profile".Mining Chamber of Industry and Commerce (in Polish). Retrieved8 May 2020.

External links

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