HONG KONG — FSE Engineering Holdings Limited (“FSE Engineering” or the “Group”) (stock code: 331), a leading one-stop E&M engineering service provider in Hong Kong, has opened its first retail store in Macau dedicated to selling ceramic tiles imported from Europe, providing valued-added services on top of E&M engineering service to Macau enterprises.
The Group’s retail store in Macau trade-named “Yau Fai Building Materials” is on G/F, 17 & 17A, Rua do Almirante Costa Cabral. Via a subsidiary, the Group has been distributing Europe-imported ceramic tiles since 1972. Over more than 40 years, it has built up a reputation in the industry as a provider of reliable products and excellent services. The products it distributes are mainly manufactured in Italy and Spain, including those by Casalgrande Padana and Pamesa, the largest ceramic tile manufacturer in Italy and Spain respectively, and Marca Corona, FAP and Caesar, manufacturers in The Concorde Group which earns the most revenue from sales of ceramic tiles in Italy. Those products of assured quality are provided to developers of major residential properties in Hong Kong. Currently, the Group operates four ceramic tile retail stores in Hong Kong. They are on Lockhart Road in Wanchai and Portland Street in Mongkok.
The Group has been doing business in Macau since 1980, undertaking to date a few dozen E&M engineering projects, thus has established a stable customer base. With hotels and casinos in Macau consistently requiring renovation and decoration works, plus demand for housing units in the city continuing to rise, income from alteration and extension works and others is expected to grow from approximately MOP3.5 billion in 2015 to approximately MOP6.2 billion in 2020. Alive to this trend and on its good standing in the Macau market, the Group is opening the quality European ceramic tile shop to provide value-added services to customers and at the same time create a new income source for the Group.