FANCY WOOD INDUSTRIES

Factory Address:
219 Moo 5 Asia Highway, Tharongchang
Phunpin, Suratthani, 84130
Thailand
Established Year: 1973
Main Product Category: HOME & CONSTRUCTION Furniture
Products: Parawood Furniture & Parts, Parawood Timber & Particle Board (Parawood is also known as rubberwood or plantation hardwood)
Number of Employees: 57
Key Executives: Mr. Suchart Phisitvanich - Director
Mr.Chen-Yu Lee - Vice President
Major Shareholders: MR.Lee Bin - 15.62% (Thai)
Export Markets: United States, Canada, European Union countries, Japan
Stocks Listed: Stocks of FANCY WOOD INDUSTRIES are listed on Stock Exchange of Thailand (SET) under ticker FANCY.
Bloomberg: FANCY WOOD INDUSTRIES's profile on Bloomberg
Additional Information:

The Company is engaged in manufacturing of funiture made of modified rubber wood. Rubber wood is a by product of rubber trees - a plantation tree which its sole purpose is to yield rubber latex for rubber related industries. The tree becomes useless after the latex is exhausted and has to be cut down and be replaced. Fancy Wood Industries recycles the wood and make it into quality products.
In 2000, the company invested in Saw Mill and Kiln Dry facilities in Thailand’s southern province of Surat Thani. This helped the supply chain in vertically integrating production from the source. The saw mill produced an abundance of saw dust, bark, and wood shreds those were not used. Seeing this as another opportunity we further expanded our products into the manufacturing of Thin Chipboards in 2013. Thin Chipboards are made from saw dust, tree branches and barks which were considered no value to production initially, however, with the advanced technology of Mende Germany we are able to use its continuous process and computerized control system to produce quality Thin Chipboards.
With the local Thai economy thriving the company imports high-end furniture from the region and Europe.

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