Fu Yu Corporation

✨Happy Deepavali from Fu Yu Corporation!✨ May this festival fill your life with peace, joy, and abundance. Let’s spread positivity and celebrate our connections!🎇 #Deepavali2024 #FestivalOfLights #FuYuCorporation 

Exciting times as we develop the #Medtech industry in Singapore together with our brilliant partners at Enterprise Singapore. #SGMedTech!!

📰 FU YU NEWS COVERAGE We are featured on The Business Times! Our Group CEO David Seow sat down with Elysia Tan to share how Fu Yu has transformed our business and refreshed our customer base. Some key highlights: 🔬 Growing our Biomedical sector – for 1H2024, the Biomedical sector made up 3% of our manufacturing revenue; we plan to ramp up business activities within this growing sector. 🏭 New Capabilities – Our Smart Factory in Singapore is equipped with advanced technologies, such as metal 3D printing, high-precision tool fabrication, rapid prototyping, making our venture into new markets possible. 💡 New Product Introduction (NPI) – The NPI team allows us to engage with OEMs at the design level, to propose cheaper, better materials, and optimise the production process to shorten lead times. For the full story, please see the coverage from Business Times: https://lnkd.in/gWaKvMsD 

🕋 Selamat Hari Raya Haji from Fu Yu Corporation!🌙 Wishing all our partners and colleagues a day filled with reflection, gratitude, and the spirit of generosity. May this celebration strengthen our bonds and inspire us to make a positive impact! ✨🤝

🌸Happy Vesak Day from Fu Yu Corporation! 🌸 Wishing our partners and colleagues a joyous day filled with blessings, peace, and fulfillment. May this day bring you serenity and inspire positive reflections! ✨🕊️

Fu Yu's 1Q2024 Business Update Thank you The Edge Singapore for covering Fu Yu's 1Q2024 results! Fu Yu recorded a net profit for the quarter, while revenue more than doubled y-o-y to S$78.9 million. We are also pleased to report progress in our transformation; our key highlights:  📝 MoU signed to be the exclusive plastics supplier for medical device manufacturer; both parties will also work together to target MedTech companies. 🏆 2 Major Project Wins: First is to produce microfluidic chips for an international biomedical company, while the second is to produce high-precision tools for an international CDMO (Contract Development and Manufacturing Organisation). 🔧 New medical-grade cleanrooms in our facilities in Singapore and Zhuhai, China. For more details, please refer to our press release attached: https://lnkd.in/gznH_RCS

Fu Yu Corporation, once a powerhouse in high-precision plastic manufacturing, is poised for a dynamic transformation under the leadership of Group CEO David Seow.  In a recent meeting, David highlighted Fuyu’s entry into the smart technology sector with tech startup, myFirst, as a pivotal first step in a series of new initiatives.  This strategic shift signals a long-term transformation plan aimed at revitalising Fu Yu's capabilities and attracting a wave of new customers. Watch out for SAC Capital'e Equities Research note on Fu Yu Corporation.

Thank you The Straits Times for the coverage! In case you missed it: Fu Yu was appointed as myFirst's exclusive contract manufacturer, as the latter expands into North America.   Our latest manufacturing capabilities, which includes new production introduction, rapid prototyping capabilities, metal 3D printing, liquid silicone rubber injection moulding and high-precision tool fabrication, will be used in the manufacture and assembly of myFirst's products. As myFirst offers their unique kid-centric technology to the North American market, we are honoured to support them with their manufacturing needs. https://str.sg/ic79T

🌟 Selamat Hari Raya from Fu Yu Corporation Ltd! 🌙 Wishing all our partners and colleagues a blessed Eid filled with joy, love, and delicious feasts. May this festive season bring us closer together and renew our spirits. Selamat Hari Raya Aidilfitri! 🎉

From Plastic to Play: Fu Yu is pleased to be appointed as Singapore kid-tech startup myFirst's exclusive contract manufacturer for at least 5 years! Thank you The Business Times for the coverage.   We signed a contract, valued at S$15 million per year, to manufacture and assemble myFirst's products, which consist of watchphones, cameras, earbuds, 3D pens, and headphones.   Leveraging our new cutting-edge manufacturing capabilities and diversified manufacturing footprint, Fu Yu is ready to support myFirst's production requirements as they expand into North America. Our latest New Product Introduction (NPI) team will also provide design assistance, providing a seamlessly transition from design into production. We thank the myFirst team for their support!   Click here for more details: https://lnkd.in/gxf6x5zB