About Us
History &
Milestones
The history of our Group can be traced back to 1988 when Fourace Industries Group Holdings Limited (HKFourace) was founded. In our early stage of development, our Group’s business grew with the increasing demand of personal care electrical appliances from the U.S. and Japan markets. Leveraging our strong product research and development capabilities and high quality of our products, our Group’s customer base was expanding with export sales covering Europe in 2005. Over the past 30 years, our Group has been principally engaged in the business of manufacturing and trading of personal care electrical appliances and related items through our subsidiaries. According to Frost & Sullivan’s industry report, we were the third largest OEM/ODM service provider of personal care electrical appliances in terms of export revenue in the PRC in 2019.
Business Development And Key Milestones
Listed in Hong Kong Stock Exchange on 15th September with Stock Code : 1455
We increased our market share of high-end hair styling products for the Japan market.
We started to independently design and develop a smart toilet seat product.
We expanded our production capability in our production facility in Shenzhen through, among others, acquisition of a double-spray and double-baking line and several spray painting robotic arms.
Fourace Factory was transformed into a wholly owned foreign enterprise in the PRC as Shenzhen Fourace Electrical Appliances Co., Ltd.* (深圳科利電器有限公司)(Shenzhen Fourace).
We started to manufacture High-end hair dryers for the Japan market.
We started to manufacture High-end hair styling products for the U.S. market.
We started to manufacture grooming devices for a customer for the European market.
We started to manufacture beauty care and grooming devices for the Japan market.
We were accredited with ISO 9001: 2000 in relation to our quality management system (Note: Our ISO 9001:2000 accreditation for HkFourace has since been upgraded to ISO 9001: 2015.)
Fourace Factory was established at Bao’an District, Shenzhen, the PRC as a contract processing factory and has obtained the business license for the processing and assembling of our products.
HkFourace entered into a land lease contract with Bao’an District, Gongming Town, Jiangshi Village Shiwei Cooperative Economic Association* (寶安區公明鎮將石村石圍 經濟合作社) in Shenzhen, the PRC whereby Fourace leased a piece of land as the site for Shenzhen Bao’an District Gongming Jiangshi Fourace Electrics Factory* (深圳市寶安區公明將石科利電器廠) (Fourace Factory).
We started to manufacture beauty care devices for the U.S. market.
We started to manufacture hair related personal care electrical appliances for the Japan market.
HkFourace commenced its business of manufacturing and trading of personal care electrical appliances and related items. We started to manufacture our hair dryers for the U.S. market.
