China Foma (Group) Co., Ltd. (shortened as CFCL hereinafter) was established in 1979, and it is one of the 520 major state-owned enterprises directly under the leadership of the Central Government. Headquartered in Beijing, China, CFCL has 13 subsidiaries including some listed companies such as Changlin Joint-Stock Company, Linhai Joint-Stock Company, and Sufoma Joint-Stock Company. In addition, CFCL has set up a number of joint ventures with some world-class enterprises including Komatsu and Yamaha from Japan and Hyundai from Korea. These joint ventures are located in major cities of Beijing, Shanghai, Tianjin, Guangzhou, Harbin, and in some eastern developed areas such as Jiangsu Province, with their marketing offices spreading all over the country. CFCL has also established its trading and marketing facility in Malaysia. CFCL is the only large-sized enterprise in China’s forestry machinery industry. The Company manufactures and markets more than 300 products, which can be classified into four categories including synthetic wood board and woodworking machinery, mini-type power generating machines, autocycles, engineering machinery, and tools, etc. Of all the products manufactured by CFCL, forestation machinery, wood chippers, thicknessing and grinding lines, veneer dryers, synthetic wood board secondary processing lines, impregnation and drying lines have occupied over 50% of the domestic market share. Many of these products have been exported to many industrialized countries and regions such as the U.S., Canada, Japan, Germany, and some Southeast Asian economies. It worth particular mentioning that CFCL is the leading manufacturer of the synthetic wood board lines in China, the innovations achieved by this Company has made great impact on the country’s synthetic wood board line development.