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Favelle Favco Group

January 01, 1970

Favelle Favco Berhad (MYX: 7229) is a manufacturer of construction cranes under the brands Favelle Favco and Kroll.[1] The company's main plant is based at Senawang, Malaysia,[2] with production facilities and engineering offices also located in Sydney,[3] China,[4] Texas[5] and Denmark.[6]

Favelle Favco Berhad
Company typePublic limited company
MYX: 7229
ISINMYL7229OO007
FoundersEric Favelle
Edward Arthur Favelle
Edward Hastings Favelle
Harry Cole
HeadquartersLot 586, Jalan Batu Tiga Lama, 41300 Klang, Selangor, Malaysia
Websitefavellefavco.com

The company's shares are traded on the Main Board of Bursa Malaysia, formerly known as the Kuala Lumpur Stock Exchange. It is partially owned by Muhibbah Engineering.

In 2012, its market capitalization was RM250 million, sales averaged RM490 million annually, and profits were RM29 million over the last five years.[7] In 2013, annual revenue for the company was approximately RM764 million, with profits of just under RM65 million.[8] In October 2014, its market capitalization was around RM700 million.[9]

Company history edit

Muhibbah Engineering acquired Favelle Favco in 1995.[10]

Products edit

The company produces offshore cranes with lift capacities of up to 1,000 tonnes.[7] In July 2013, RHB Research reported that 85% of Favelle Favco's 2013 year-to-date crane orders were offshore cranes.[11]

The company also specializes in tower cranes that can lift heavy loads quickly,[7] with the Favelle Favco M760's top lift speed at 160 metres (520 ft) per minute.[12] Its cranes were used to construct some of the tallest skyscrapers ever built, including the World Trade Center in New York and its replacement, One World Trade Center,[12] as well as the Burj Khalifa, Taipei 101, the Petronas Twin Towers, and the Shanghai World Financial Centre.[7]

Favco has built the world's largest tower crane, nicknamed "Tinkerbell", which is capable of lifting up to 330 tonnes.[13]

References edit

  1. ^ Govindan, Kaladher (24 July 2006). (PDF). TA Securities Holdings Berhad. p. 2. Archived from the original (PDF) on 23 November 2009. Retrieved 25 October 2014.
  2. ^ "Favelle Favco Plant".
  3. ^ "Favelle favco's Taipei tower crane topples from its testbed". Cranes Today. 5 December 1999. Retrieved 15 October 2014.
  4. ^ Mustaza, Fatin Rasyiqah (4 September 2013). "Favelle Favco powers on in China". The Edge. Archived from the original on 28 May 2014. Retrieved 15 October 2014.
  5. ^ "Malaysian moves". Cranes Today. 7 January 2005. Retrieved 15 October 2014.
  6. ^ "Facts & Figures". Retrieved 13 June 2022.
  7. ^ a b c d Wan Yan (June 23, 2012). "On top of the world". The Star.[permanent dead link]
  8. ^ Horwath, Crowe; Chan Kuan Chee, James (18 April 2014). (PDF). Bursa Malaysia. p. 11. Archived from the original (PDF) on 1 November 2014. Retrieved 15 October 2014.
  9. ^ "FFB:Bursa Malays Stock Quote - Favelle Favco Bhd". Bloomberg L.P. Retrieved 15 October 2014.
  10. ^ "Muhibbah makes its mark". Cranes Today. 1 March 1998. Retrieved 15 October 2014.
  11. ^ . The Star. July 4, 2013. Archived from the original on April 22, 2014. Retrieved April 18, 2014.
  12. ^ a b "Favelle Favcos return to World Trade Centre site". Cranes Today. 1 December 2006. Retrieved 15 October 2014.
  13. ^ Wheeldon, David (June 13, 2012). "Sydney's Central Park architectural innovation calls in world's largest tower crane".

External links edit

  • Official website

January 01, 1970
favelle, favco, group, favelle, favco, berhad, 7229, manufacturer, construction, cranes, under, brands, favelle, favco, kroll, company, main, plant, based, senawang, malaysia, with, production, facilities, engineering, offices, also, located, sydney, china, te. Favelle Favco Berhad MYX 7229 is a manufacturer of construction cranes under the brands Favelle Favco and Kroll 1 The company s main plant is based at Senawang Malaysia 2 with production facilities and engineering offices also located in Sydney 3 China 4 Texas 5 and Denmark 6 Favelle Favco BerhadCompany typePublic limited companyTraded asMYX 7229ISINMYL7229OO007FoundersEric Favelle Edward Arthur Favelle Edward Hastings Favelle Harry ColeHeadquartersLot 586 Jalan Batu Tiga Lama 41300 Klang Selangor MalaysiaWebsitefavellefavco wbr com The company s shares are traded on the Main Board of Bursa Malaysia formerly known as the Kuala Lumpur Stock Exchange It is partially owned by Muhibbah Engineering In 2012 its market capitalization was RM250 million sales averaged RM490 million annually and profits were RM29 million over the last five years 7 In 2013 annual revenue for the company was approximately RM764 million with profits of just under RM65 million 8 In October 2014 its market capitalization was around RM700 million 9 Contents 1 Company history 2 Products 3 References 4 External linksCompany history editMuhibbah Engineering acquired Favelle Favco in 1995 10 Products editThe company produces offshore cranes with lift capacities of up to 1 000 tonnes 7 In July 2013 RHB Research reported that 85 of Favelle Favco s 2013 year to date crane orders were offshore cranes 11 The company also specializes in tower cranes that can lift heavy loads quickly 7 with the Favelle Favco M760 s top lift speed at 160 metres 520 ft per minute 12 Its cranes were used to construct some of the tallest skyscrapers ever built including the World Trade Center in New York and its replacement One World Trade Center 12 as well as the Burj Khalifa Taipei 101 the Petronas Twin Towers and the Shanghai World Financial Centre 7 Favco has built the world s largest tower crane nicknamed Tinkerbell which is capable of lifting up to 330 tonnes 13 References edit Govindan Kaladher 24 July 2006 Favelle Favco Berhad Cranks Up The Cranes PDF TA Securities Holdings Berhad p 2 Archived from the original PDF on 23 November 2009 Retrieved 25 October 2014 Favelle Favco Plant Favelle favco s Taipei tower crane topples from its testbed Cranes Today 5 December 1999 Retrieved 15 October 2014 Mustaza Fatin Rasyiqah 4 September 2013 Favelle Favco powers on in China The Edge Archived from the original on 28 May 2014 Retrieved 15 October 2014 Malaysian moves Cranes Today 7 January 2005 Retrieved 15 October 2014 Facts amp Figures Retrieved 13 June 2022 a b c d Wan Yan June 23 2012 On top of the world The Star permanent dead link Horwath Crowe Chan Kuan Chee James 18 April 2014 Favelle Favco Berhad and its subsidiaries Financial statements for the year ended 31 December 2013 PDF Bursa Malaysia p 11 Archived from the original PDF on 1 November 2014 Retrieved 15 October 2014 FFB Bursa Malays Stock Quote Favelle Favco Bhd Bloomberg L P Retrieved 15 October 2014 Muhibbah makes its mark Cranes Today 1 March 1998 Retrieved 15 October 2014 RHB Research maintains Buy on Favelle Favco The Star July 4 2013 Archived from the original on April 22 2014 Retrieved April 18 2014 a b Favelle Favcos return to World Trade Centre site Cranes Today 1 December 2006 Retrieved 15 October 2014 Wheeldon David June 13 2012 Sydney s Central Park architectural innovation calls in world s largest tower crane External links editOfficial website Retrieved from https en wikipedia org w index php title Favelle Favco Group amp oldid 1224268972, wikipedia, wiki, book, books, library,

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