FASING Plc. (or ''Mining Tools and Equipment Factories Capital Group FASING Plc.'') is a Polish multinational

metal industry Metalworking is the process of shaping and reshaping metals in order to create useful objects, parts, assemblies, and large scale structures. As a term, it covers a wide and diverse range of processes, skills, and tools for producing objects on e ...

corporation. It is one of the largest

chain A chain is a serial assembly of connected pieces, called links, typically made of metal, with an overall character similar to that of a rope in that it is flexible and curved in compression but linear, rigid, and load-bearing in tension. A ...

manufacturers in the world, and is the largest producer of industrial chains in

Central and Eastern Europe Central and Eastern Europe is a geopolitical term encompassing the countries in Baltic region, Northeast Europe (primarily the Baltic states, Baltics), Central Europe (primarily the Visegrád Group), Eastern Europe, and Southeast Europe (primaril ...

. The firm's products are used, among others, in mining, energy, fishing, and the transport and

transshipment Transshipment, trans-shipment or transhipment is the shipment of goods or containers to an intermediate destination, then to another destination. One possible reason for transshipment is to change the means of transport during the journey (e.g. ...

sector. The company was founded in 1913 and has its headquarters in

Katowice Katowice (, ) is the capital city of the Silesian Voivodeship in southern Poland and the central city of the Katowice urban area. As of 2021, Katowice has an official population of 286,960, and a resident population estimate of around 315,000. K ...

. It is listed on the

Warsaw Stock Exchange The Warsaw Stock Exchange (WSE) () is a stock exchange in Warsaw, Poland. Founded in 1817, it was located in the Saxon Palace until 1877 when it was moved to the Exchange Building at the Saxon Garden. Currently, it is located at ul. Książęca ...

Business profile

The company specializes in the production of link chains for: *Mining – round and flat mining link chains, shearer chains, suspension and transport chains, hoist chains, chain assemblies, clamps and scrapers; * Fishing sector – trawling chains and others; *Energy industry – chains with increased resistance to abrasion, catches and chain assemblies; *Construction and transport – sling chains, for hoists and hooks. In addition, the company's research laboratories carry out service activities in the field of steel chemical-composition analysis, hardness measurements, micro- and macrostructural tests and control of chosen measuring instruments.

Portfolio diversification

As part of the Group, FASING manufactures complete chain assemblies and steel structures used, among others in mining and heavy industry. The Group's offer is supplemented with steel

forging Forging is a manufacturing process involving the shaping of metal using localized compression (physics), compressive forces. The blows are delivered with a hammer (often a power hammer) or a die (manufacturing), die. Forging is often classif ...

s and small

mechanization Mechanization (or mechanisation) is the process of changing from working largely or exclusively by hand or with animals to doing that work with machinery. In an early engineering text, a machine is defined as follows: In every fields, mechan ...

equipment, primarily drills, couplings and pumps made by MOJ S.A. and Osowiec Foundry. In 2017, Fasing Accounting & Consulting Services Ltd. was created, an institution specializing in tax law and accounting.

Timeline

The key dates of the FASING Capital Group are: *1913 – Establishment of the company under the name Schlesische Gruben und Hüttenbedarfsgesellschaft m.b.H. (Śląska Górniczo-Hutnicza Spółka Akcyjna) *1933 – Creation of the firm Machine Factory and Foundry MOJ *1969 – Merger and establishment of the MOJ-RAPID Mining Equipment and Tools Factory. *2000 – The majority stake of the Fasing Capital Group is taken over by KARBON 2; the company enters the

. *2006 – Foreign expansion through establishing a joint venture Shandong Liangda Fasing Round Link Chains Co. Ltd. *2008 – Acquisition of shares in the German company K. B. P. Kettenwerk Becker-Prunte GmbH. *2011 – Establishment of Fasing Ukraine Ltd. *2014 – Expanding to Russia through the company Mining Equipment and Tools Factory Fasing LLC. *2016 – Creation of a distribution company in China, Fasing Sino-Pol (Beijing) Mining Equipment and Tools Co. Ltd. *2017 – Further business diversification through the creation of Fasing Accounting & Consulting Services Ltd. *2019 – Entering the US market through Fasing America Corp. *2021 – Strengthening presence in Germany through the establishment of a trading company FFS Fertigung FASING Schwarz GmbH.

Locations

The group is physically present in 7 countries on 3 continents: *Poland *United States *China *Germany *Russia *Czech Republic *Ukraine

Structure

The firm is the parent company of the capital group, which includes: Production companies *Mining Equipment and Tools Factory Capital Group FASING Plc. with headquarters in Katowice ( parent entity in the group) *MOJ S.A. with headquarters in Katowice (an enterprise of the electromechanical industry) together with the Forge Department "Osowiec" with headquarters in Osowiec –

Opolskie Voivodeship Opole Voivodeship ( , , ), is the smallest and least populated voivodeship (province) of Poland. The province's name derives from that of the region's capital and largest city, Opole. It is part of Silesia. A relatively large German minority lives ...

). *K.B.P. Kettenwerk Becker-Prünte GmbH – Germany *Shandong Liangda Fasing Round Link Chains Co., Ltd. (山东良达发兴圆环链有限公司) – China Distribution companies *Fasing Sino-Pol (Beijing) Mining Equipment and Tools Co. Ltd. (华星中波（北京）矿用设备及工具有限公司) – China *Fertigung FASING Schwarz GmbH – Germany *Fasing America Corp. – USA *Fasing Ukraine Ltd. (ООО Фасинг Украина) – Ukraine *Mining Equipment and Tools Factory Fasing LLC (OOO Заклады Горного Оборудования и Инструмента Fasing) – Russia Group portfolio diversification companies *Fasing Accounting & Consulting Services Ltd. (Fasing Usługi Księgowe i Consultingowe Sp. z o.o.) – accounting and

tax law Tax law or revenue law is an area of legal study in which public or sanctioned authorities, such as federal, state and municipal governments (as in the case of the US) use a body of rules and procedures (laws) to assess and collect taxes in a ...

*Electron Poland Ltd. *Mining Services Company Greenway Ltd. (Przedsiębiorstwo Usług Górniczych Greenway Sp. z o.o.)

References

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External links

Official website
Metal companies of Poland Multinational companies headquartered in Poland Manufacturing companies of Poland Companies listed on the Warsaw Stock Exchange Polish brands Manufacturing companies established in 1913 Mining equipment companies