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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

Contact info:
Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

June 14, 2010

Good Friend Expected to Post Over 80% Growth in Sales in 2010

Taipei, June 14, 2010 (CENS)--Thanks to the fast development of the automobile, infrastructure and rollstock engineering sectors in China, Good Friend International Holdings Inc., a subsidiary of the Taiwan-based Fair Friend Enterprise, recently anticipated its annual sales to shoot up 80% to 90% year-on-year to reach 770 million renminbi, or NT$3.58 billion, in 2010.

Established in 1993 in Xiaoshan of Hangzhou of Jiangsu province, China, Good Friend began mass production of various types of CNC machine tools in 2000. With years of development, the company has become China`s largest machine-tool manufacturer and a cash cow of Fair Friend Group. Because of the outstanding performance of Good Friend, Fair Friend has become the world`s largest machine-tool manufacturer in terms of production volume in the wake of the global financial tsunami.

Good Friend`s finance vice president M.P. Yeh said his company procured a land space to build the plant in Xiaoshan at a price of 50,000 renminbi per acre, but the asset is valued at six million per acre, representing a 120-fold increase in the past 17 years.

Fair Friend saw annual sales amount to NT$10.3 billion in 2008, compared to only NT$1.01 million in 1989, when it is established. Good Friend, listed on the main board of Hong Kong Stock Exchange on Jan. 11, 2006, returned to Taiwan to issue TDRs (Taiwan depository receipts) on March 8, 2010.

Yeh noted Good Friend currently is capable of churning out 200-strong machine tools. Although the global financial tsunami has made Fair Friend the world`s No. 1 producer of machine tools, Yeh said the position won`t last long because of the recovery of rival producers and his parent will become the real largest producer in this filed in 2018 because of continued fast development in China.

The technique-oriented Good Friend argued it didn`t encounter the problem of insufficient workforce because over 75% of the company`s workers are colleges educated and over 98% of them returned to the plant after the lunar Chinese New year holidays in February.

(by Ben Shen)

http://cens.com/

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