The Fayat Group is increasing its international focus
Fayat is increasing international operations, with road machinery such as the Marini BE Tower to the fore
The Fayat Group is developing its operations, with a greater focus on international operations a key direction for this French firm. Jean-Claude Fayat, president of the Fayat Group, said, “It’s important for us to be a family company. We have three values, autonomy, commitment and audacity.”
Being a family-owned business has allowed the firm to respond quickly to changes in market demand - the board of directors can make decisions and implement them whereas publicly-owned firms have to involve shareholders in the decision making process.
Fayat explained that the company is in a strong position financially at present. Turnover stood at €3.436 billion for 2015 for the Fayat Group, with its road building division accounting for 30% of the overall business and public works the second largest division with 26.5%.
Meanwhile Jörg Unger, general manager of the construction division said, “The long-term forecast for our industry is very optimistic. We have opportunities to compensate for situations because we have a worldwide presence.”
Although the Fayat Group remains rooted in France, where 64% of its business originates, the firm has also developed its operations elsewhere. Fayat said, “We have increased our percentage of international sales in recent years.”
A key driver for this international focus has been its road machinery division and Fayat added, “We are a world leader in compaction machines.”
The road machinery segment manufactures on a global basis. “We are present all over the world with 17 manufacturing bases,” he continued. “We want to be present in diversified markets. As a family-owned company we invest a lot.” And he said that the firm has built a new manufacturing plant at Ridgeway in South Carolina and added, “We have also integrated the Terex factories we bought in Brazil and the US.”
The firm also has facilities for manufacturing asphalt plants in India and Turkey, as well as facilities in China and a factory for road sweeping machines in the Netherlands.