FSP Group

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This article is part of the Center for Media & Democracy's spotlight on global corporations.

FSP Group is the 6th largest power supply vendor in the world. Although the company is based in Taiwan, it has representation in more than 10 countries and cities (Taiwan, Germany, U.K., U.S.A., Russia, Japan, India, Korea and China. In many of the mentioned countries the company has offices in more than 1 city). Its principal products are PC/industrial Power Supplies, ODM or OEM Power Supply, Open Frame, LCD TV power and Adapters. The company is the main supplier for the following brands: Acer, Datang, Dell, Evoc, Founder, Fujitsu, Greatwall, Huawei, Lenovo, Motorola, NEC, Ruijie, Samsung, Siemens, TCL and Tsinghua Tongfang.[1]

Company History

The company became formally registered In April 1993 with an initial paid up capital of 5 million dollars. In 1997 this amount had increased to 38 million dollars. In 1998 the company acquired land in Taoyuan´s Guei Shan industrial park for the establishment of its own plant and increased its paid up capital to 188 million dollars to “accommodate business growth”. In 1999 the company applied for public listing and increased its paid up capital to 325 million dollars. In 2000 the company opened its new plant and increased its paid up capital to 420 million dollars. At the same time FSP GROUP opened a new plant in China. In 2001 the company obtained the ISO9001 quality and the ISO14001 environmental certification. Also in 2001 it increased its paid up capital to 600 million dollars and invested in another new plant in China. In 2002 the company was listed on the stock exchange for public trading. Finally between 2002 and 2007 the company increased it’s paid up capital from 600 million dollars to 1.005.311 million dollars and invested in several plants around the world.[2]

Historical Financial Information

Business Strategy

Political and Public Influence

Paragraph information

Political Contributions

Lobbying

Corporate Accountability

Labor

[3]

Child and Sudent Workers:

The FSP GROUP has been accused of hiring child workers in one of its factories (named Schenzhen Yonghong Factory) affirms a report published in November 2006 by the Students and Scholars Against Corporate Misbehavior (SACOM).[4] According to the report, the company hired more than 200 child workers under 16 years of age, many of whom were students from rural Henan and Shaanxi provinces that worked to pay off the school fees they owed. Moreover the company required them to work an extra 1.5 hours per day without paying them due to "lower than normal productivity". The report states the child workers work between 12 and 13 hours per day which means that for every 400 hours they worked, 60 are without pay. The children's teachers, it reported, not only encouraged them to work at the factory but also “monitor” them and don´t let them quit their job.

Excessive overtime and overtime pay below legal minimum:

This same report also denounces that although the minimum pay for overtime is 6 to 8 yuan per hour, the factory, at that time, was found to be paying 4.5 to 5.8 yuan respectively.[4]

No social insurance:

The same report also mentions that although the China labor laws require employers to buy social insurance for its workers, the factory does not provide any of the legally required social insurance for workers.[4]

Occupational health risks:

Lastly the report mentions the negligence of the company in providing sufficient gloves, masks and proper ergonomics facilities to its workers in the workplace.[5] ADD Full Reference

Human Rights

Environment

FSP Group has obtained the ISO 14001 environmental certification.[citation needed] There is no evidence of the company fulfilling any environmental regulation.

Consumer Protection and Product Safety

Anti-Trust and Tax Practices

Social Responsibility Initiatives

Business Scope

Lines of Business and Major Products Paragraph Units/Subsidiaries


Customers Suppliers Creditors Competitors
Customer 1 Supplier 1 Creditor 1 Competitor 1
Customer 2 Supplier 2 Creditor 2 Competitor 2
Customer 3 Supplier 3 Creditor 3 Competitor 3
Customer 4 Supplier 4 Creditor 4 Competitor 4

Financial Information (as of DATE)

[6]


Capital US$62 Million

  • 2001 Sales: US$167 Million
  • 2002 Sales: US$188 Million
  • 2003 Sales: US$190 Million
  • 2004 Sales: US$257 Million
  • 2005 Sales: US$344 Million
  • 2006 Sales: US$406 Million
  • 2007 Sales: US$475 Million

Governance

Executives Board members/affiliations Executive director/compensation Date and venue of next AGM

Contact Information

Taiwan Headquarters

Address No. 22, Jianguo E, Rd., Taoyuan City, Taiwan, R.O.C.
Tel +886-3-375-9888
Fax +886-3-375-6966
Web Site http://www.FSP-group.com
E-mail sales@fsp-group.com.tw


Kaohsiung Office

Address 2-3, East 3rd Street N.E.P.Z.
P.O.Box 35-25, Kaohsiung, Taiwan, R.O.C.
Tel +886-7-362-5611
Fax +886-7-363-4166
Web Site http://www.protek.com.tw E-mail protek@protek.com.tw


Germany Office

FORTRON/SOURCE (EUROPA) GMBH
Address Jakobshoehe 16, D-41066, Moenchengladbach, Germany
Tel +49-2161-65929-0
Fax +49-2161-65929-20
Web Site http://www.fortron-source.de/
E-mail info@fortron-source.de


Address Josef-Schorer-Str.10 D-86179 Augsburg, Germany
(Germany, Switzerland, Austria)
Tel +49-821-809988-12
Fax +49-821-809988-12
Web Site http://www.fortron-source.de/
E-mail info@fortron-source.de

U.K. Office FSP (GB) LTD.
Address Unit 8 Curo Park, Frogmore, St. Albans,
Hertfordshire AL2 2DD, England
Tel +44-1727-873888
Fax +44-1727-873668
Web Site http://www.fspgroup.co.uk/
E-mail sales@fspgroup.co.uk

Northern California Office

Address 1000 Rock Ave. San Jose, CA 95131U.S.A.
Tel +1-408-519-8888
Fax +1-408-519-9999
Web Site http://www.sparklepower.com/
E-mail sparkle@sparklepower.com

FSP NORTH AMERICA, INC.
Address 33 Musick, Irvine, CA 92618, U.S.A.
Tel +1-949-305-6703
Fax +1-949-305-6701
Web Site http://www.fspna.com
E-mail sales@fspna.com

Southern California Office FSP GROUP U.S.A. CORP. Address 14284 Albers Way. Chino, CA 91710 U.S.A.
Tel +1-909- 606-0960
Fax +1-909- 606-0014
Web Site http://www.fspgroupusa.com
E-mail info@fspgroupusa.com

Moscow Office for Russia/CIS Address Elizavetenskiy Per., 10/2, Building No. 6, Moscow, Russia
Tel +7(495) 632-22-51
Fax +7(495) 632-22-51
Web Site http://www.fsp-power.ru/
E-mail rusupport@fsp-power.ru

Japan Office

Address Room no. 226, 25th Sankyo building, 1-48-10 Higashi- Ikebukuro,
Toshima-Ku, Tokyo 170-0013, Japan
Tel 81- (03) 5856-5256
Web Site http://www.FSP-group.com
E-mail VEE01770@nifty.com

India Office Address 1311, Ansal Tower,38, Nehru Place, New-Delhi-110019,India
Tel 91-11-46527091-95
Web Site http://www.FSP-group.com
E-mail Clive@fsp-group.com.tw

Korea Office

FSP Technology Korea Co., Ltd.
Address #707 IKP, 300-6, Yeomgok-dong Seocho-ku, Seoul, Korea
Tel +82-2-525-1480
Fax +82-2-525-1488
Web Site http://www.fsp-group.co.kr
E-mail kevin@fsp-group.co.kr / ted@fsp-group.co.kr

Shanghai Office

YULI ELECTRONIC CO., LTD
Address 17F,No.461 Hongcao Rd. Caohe Software
Building, Shanghai,China
Tel +86-21-54262808
Fax +86-21-54262818
Web Site http://www.FSP-group.com
E-mail ylsales@sh.fsp-group.com.tw

Shenzhen Office

SHENZHEN ZHONG HAN SCIENCE &TECH.CO.LTD.
Address Room L-R, 19/F,Building A, Fortune Plaza,7060 Shen Nan Road, Shenzhen, Guangdong, China.
Tel +86-755-82933191
Fax +86-755-82933190
Web Site http://www.FSP-group.com
E-mail zkhdoc@zkh.fsp-group.com.tw

Shenzhen Office

SHENZHEN RISESUN INDUSTRIAL CO., LTD. )
Address Room S-Z, 19/F, Building A, Fortune Plaza, 7060 Shen Nan Road, Shenzhen, Guangdong, China
Tel 86-755-82879116
Fax 86-755-82879105
Web Site http://www.FSP-group.com
E-mail risesun@sz.fsp-group.com.tw

Hong Kong Office

CROWN JOY INTERNATIONAL LTD.
Address RM609, 6/F., BlockA, Proficient IND. CTR., 6
Wang Kwun Road, Kowloon Bay,Kowloon, HONG KONG
Tel +852-2331-3613
Fax +852-2331-9162
Web Site http://www.FSP-group.com
E-mail sales@crownjoy.com.hk

Articles and Resources

Books on the Company

Related SourceWatch Articles

Sources

  1. FSP Group, "About FSP Group", FSP Group website, accessed November 2008.
  2. FSP Group, "Chronicle" FSP Group website, accessed November 2008.
  3. [1]
  4. 4.0 4.1 4.2 Students and Scholars Against Corporate Misbehavior, "“Clean up your Computer” Campaign: Yonghong Electronics, Shenzhen, China", November 2006.
  5. [2]
  6. [3]

External Resources

External Articles