Favelle Favco Group Explained

Favelle Favco Berhad
Type:	Public limited company
Isin:	MYL7229OO007
Location:	Lot 586, Jalan Batu Tiga Lama, 41300 Klang, Selangor, Malaysia
Founders:	Eric Favelle Edward Arthur Favelle Edward Hastings Favelle Harry Cole

Favelle Favco Berhad 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]

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. In 2013, annual revenue for the company was approximately RM764 million, with profits of just under RM65 million.^[7] In October 2014, its market capitalization was around RM700 million.^[8]

Company history

Muhibbah Engineering acquired Favelle Favco in 1995.^[9]

Products

The company produces offshore cranes with lift capacities of up to 1,000 tonnes. In July 2013, RHB Research reported that 85% of Favelle Favco's 2013 year-to-date crane orders were offshore cranes.^[10]

The company also specializes in tower cranes that can lift heavy loads quickly, with the Favelle Favco M760's top lift speed at per minute.^[11] 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,^[11] as well as the Burj Khalifa, Taipei 101, the Petronas Twin Towers, and the Shanghai World Financial Centre.^[12]

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

Notes and References

1. Web site: Favelle Favco Berhad: Cranks Up The Cranes. Govindan. Kaladher. 24 July 2006. TA Securities Holdings Berhad. 2. 25 October 2014. https://web.archive.org/web/20091123055232/http://eas.taonline.com.my/research/dco/IPO_7229_060724.PDF. 23 November 2009. dead.
2. Web site: Favelle Favco Plant.
3. News: 5 December 1999. Favelle favco's Taipei tower crane topples from its testbed. Cranes Today. 15 October 2014.
4. News: Mustaza. Fatin Rasyiqah. 4 September 2013. Favelle Favco powers on in China. The Edge. 15 October 2014. https://archive.today/20140528091453/http://theedgemalaysia.com/features/251804-favelle-favco-powers-on-in-china.html. 28 May 2014. dead.
5. News: 7 January 2005. Malaysian moves. Cranes Today. 15 October 2014.
6. Web site: Facts & Figures. 13 June 2022.
7. Web site: Favelle Favco Berhad and its subsidiaries: Financial statements for the year ended 31 December 2013. Horwath. Crowe. Chan Kuan Chee. James. 18 April 2014. Bursa Malaysia. 11. 15 October 2014. 1 November 2014. https://web.archive.org/web/20141101064600/http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/A999FA64B8A49D5848257CC30024FDF3/$File/FAVELLE%20FAVCO%20BHD%20-%202013.pdf. dead.
8. Web site: FFB:Bursa Malays Stock Quote - Favelle Favco Bhd. Bloomberg L.P.. 15 October 2014.
9. Web site: Muhibbah makes its mark. 1 March 1998. Cranes Today. 15 October 2014.
10. News: RHB Research maintains Buy on Favelle Favco . July 4, 2013 . . April 18, 2014 . April 22, 2014 . https://web.archive.org/web/20140422103426/http://www.thestar.com.my/Business/Business-News/2013/07/04/RHB-Research-maintains-Buy-on-Favelle-Favco.aspx/ . dead .
11. Web site: Favelle Favcos return to World Trade Centre site . Cranes Today . 1 December 2006 . 15 October 2014.
12. News: On top of the world . . June 23, 2012 . Wan Yan .
13. News: Sydney's Central Park architectural innovation calls in world's largest tower crane . David . Wheeldon . June 13, 2012.