On December 3, 2012, the chairman of Fusheng Group announced that it has completed the acquisition of ALMiG Kompressoren GmbH, a long-established German compressor manufacturer, thereby expanding its global business in the air compressor industry.

       Li Liangzhen, Chairman of Fusheng Group, said: I am very happy to join ALMiG as a new member of Fusheng Group. ALMiG has been in business for more than 80 years and has established a prominent position in the European market, known for its outstanding engineering and design. I am very pleased to bring ALMiG's team management and design concepts to Fusheng Group, and look forward to working closely with ALMiG's management and employees to expand its global business in Europe, Asia and North America.

       Fusheng Group was founded in Taiwan in 1953 by Li Goteng. It produces a variety of industrial compressors for construction and manufacturing. Africa has a number of production, sales and operation bases, and is one of the world's air compressor manufacturers. .

        ALMiG specializes in the production of energy-saving and oil-free industrial air compressors. It is a leading manufacturer that can provide a full range of air compressor products and complete solutions. It plays an important role in all kinds of screw compressors and various air supply solutions. Its production sites are located in Germany and Austria, with service and distribution centers in Italy, Spain, France, Netherlands, Poland, United Kingdom, Czech Republic, Romania, Bulgaria, Hungary, Russia, Sweden, Austria and the United States. ALMiG has been able to provide a wide range of products and services with various advantages to customers across Europe. The company employs more than 300 people across its various businesses.

        Chairman Li Liangzhen pointed out that as the market shifts to more energy and cleaner technologies, it is expected that with the growth of the global compressor market, with advanced technology, lower production costs and a broad geographical network, Fusheng is well-positioned to benefit from rising demand and continue to be among the industry leaders.
       
       Completing this acquisition will enable Fusheng to become one of the world's largest compressor manufacturers, allowing Fusheng to enter the European market and establish an important milestone. This will bring greater growth and broader market to Fusheng. All Fusheng employees are looking forward to and delighted to meet the future of Fusheng with more competitiveness and market position.