Feiyue Group

China Feiyue Sewing Machinery Group was founded in 1986 by Qiu Jibao,[1] and is one of the largest non-governmental enterprises in China. It is located in Taizhou, Zhejiang province.

For the sneaker, see Feiyue.

Qiu Jibao's entrepreneurship has earned him recognition among leaders in numerous sectors including members of the Chinese government as well as from several foreign leaders. Outstanding Entrepreneur of China Private Economy's title Foreign Office ambassadors praise Feiyue.

China Feiyue Sewing Machine Corporate Group currently produces 31 series of both domestic and industrial sewing equipment, which includes over 300 distinct products. Computerized Industrial Sewing Machines, Electronic Domestic Sewing Machines and Automated Embroidery Machines make up for the most part of the corporation's sales. Annual sales have reached US$166,000,000.00 worldwide and have been increasing at a steady pace for the better part of the last decade.[2][3]

Over the past decade, they have supplied and manufactured items for large internationally recognized companies such as the Singer company.

China Feiyue has over 30 international offices in several countries worldwide, including the United States.

In the beginning of 2009, China Feiyue went through a restructuring effort in order to minimize financial damage due to the 2008 global financial crisis. Feiyue saw its sale plummet because of fears of the economic downturn by its largest customers.[4]

From its restructuring efforts, new capital was brought in by several investors that were eager to contribute to the Feiyue company and gain a share of one of the most popular brands of China in Feiyue.

Feiyue was also able to emerge from this crisis stronger by entering in other markets such as recycling, automotive and other industries with the help of the new participants.[5]

Feiyue constantly participates in trade shows worldwide to showcase their products.

China Feiyue USA Inc

China Feiyue USA Inc. was established in 1997 primarily to gather market data and research information of the North American market for the corporation. However, it was also founded so it could offer after sales service to North American consumers. To date, it has enlisted over 1,500 dealers nationwide to promote, distribute or service their products.

China Feiyue USA Inc. is located in Chino, California and it has been responsible for the company's North American sales since it first opened in 1997.

The company used to have offices in Pomona, California but moved to their facilities in Chino with over 30,000 sq ft (2,800 m2) of sales, service, parts area making it one of the biggest sewing distributors in the west coast of the United States.

Its products can be found in the United States with national chain companies such as Harbor Freight Tools.

Some of the brands they market their products under are FEIYUE, YAMATA, FDM, FAMILY, GOLDSTAR.

China Feiyue USA Inc. is led by General Manager Ke Dong, a native of Hangzhou, China.

gollark: Observe, my laser. It accelerates light to speeds so high that it's not actually rendered.
gollark: With great difficulty, or subframe?
gollark: Oh, right. You're limited to however much fits on the screen.
gollark: moev?
gollark: Click the little page-with-folded-corner button.

See also

References
  1. Forbes
  2. The Chinese Economy After WTO Accession by Shuming Bao, Shuanglin Lin, Changwen Zhao
  3. google books
  4. Highbean
  5. "VDTA". Archived from the original on 2009-03-04. Retrieved 2009-04-02.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.