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COMPANY PROFILE

GFC Fans is one of the largest manufacturers of quality electric fans in Pakistan. GFC, under the
leadership of Mr. Mohammad Ilyas, its CEO, has also been the pioneer in the expert of electric
fans from Pakistan. Starting with its first commercial export in 1993, with a modest quantity &
value, GFC is now exporting its products to the tune of US$ 12 million annually to more than 30
countries in the World. GFC fans became an instant success due to their quality and durability in
the entire markets share these were introduced including countries in Asia, Middle East, and
Africa& Europe.

GFC became the first electric fan manufacturing company to win Export Trophy Award in
Pakistan. Now, GFC has won its 12th Export Trophy Award. GFC also became the first ever
company in Pakistan that is certified by UL (Underwriter Laboratories, USA) to export fans in
USA and Canada. It is also the first fan manufacturing company to be awarded BRAND OF
YEAR AWARD in 2007.

GFC is also the pioneer in introducing latest technologies in fan manufacturing industry in
Pakistan. The Plant & Machinery installed in GFC are at per those installed in manufacturing
industries in technologically advanced countries like china, Taiwan, Vietnam etc.

Keeping in mind the acute power shortage in Pakistan and other developing countries where
GFC Fans are sold, GFC has been concentrating on the production of energy saving fans for the
last twenty years. Special raw material for energy saving fans being used include electrical
copper wire (produced at GFC‟s own Wire Drawing Plant since 1987), high quality ball bearings
fan blades made on most modern plants/machinery with highly qualified labor force.

The un-precedent success GFC have achieved during the last 30 years is being recognized as best
quality fan manufacturer not only in Pakistan but also in Kingdome of Saudi Arabia, Sudan,
Yemen, Senegal, Djibouti, Bangladesh, Iraq, UAE, Cameroon and many other countries. The
GFC brand is also registered in many countries. GFC can take pride by the fact that many Chines
Manufacturers are now copying these models originally introduced by us like „Nabeel‟‟ Model.
Models like the Nabeel Model have received such international recognition, that now other
companies use the model name to market their copies.

GFC fans are designed manufactured to give heavy duty service and long time performance and
meet customers need in hot and humid climatic conditions not only in Pakistan but also for many
other countries. Due to their service, high quality long life in difficult environments, GFC have
become Popular in a very short time.

In spite of achieving such phenomenal success, GFC‟s organization culture led by its directors,
stresses on meeting new challenges and reaching new heights.
Page |2


The Directors of GFC Fans are highly qualified and motivated to lead the company. Mr.
Mohammad Ilyas, the CEO, in an electrical engineer who graduated in 1968, having 43 years of
work experience of not only working in the Pakistani manufacturing sector but also periodically
getting trained and educated in Germany and USA.

VISION STATEMENT

We believe that we have a unique product which has been developed by GFC and no other
country manufactures a pedestal fan like ours. This product is most useful in the hot tropical
humid climates. We want to mark this product throughout the world and we foresee this product
to dominate the entire International market. We want to set up an excellent after-sales-service
and spare parts supply service to each and every country. We also want to set up home service
centers throughout the world. We believe that within 10 years we can achieve an export target of
US Dollars 40 Million.

MISSION STATEMENT

The Mission of G.F.C Fans is to produce such quality products which provide entire satisfaction
to our customers over the world.

PRODUCT MARKET STRUCTURE

The Generic market of GFC fans includes electric and gas appliances. At the product type
product market level its products include: Fans that are its mainstream products as clear from the
brand name and other products include:

Washing Machines, Room Air Coolers, Water Heaters, Cooler Water Pump, Cooler Fan,
Enameled Copper wire and Skimming Machine all used for distint purposes.

At product varient level in fans they have 7 types of fans which include ceiling fans, Pedestals,
Circumatic, Wall Bracket fans, Louvre Fans, Table & TCP, Exhaust fans and Mist fans each
distinguished based on different features and benefits. Similarly they have two types of water
heaters gas as well as electric heaters.

The Diagram is given on the next page.
PRODUCT MARKET STRUCTURE FOR GFC FANSe
                                     Pag               |3




                      Electrical & Gas
GENERIC
                        Appliances


PRODUCT TYPE



          Water                          Fans
          Heaters




  Gas               Electric


PRODUCT VARIENT
                          Ceiling                 Pedestal


                       Wall Bracket             Circumatic
Page |4



     PRODUCT VARIENTS IN FANS




PRODUCT VARIENTS IN WATER HEATERS (GAS HEATERS)
Page |5


COMPETITORS

Direct Competitors

Ahad Fans

Pak Fans

Royal Fans

Parwaz fans

Yunus fans(Yunus Metal works)

Super Asia Electronics

Indirect Competitors

Hand fans that are also used as alternative in loadshedding season

Solar heater manufacturers are their indirect competitors in water heaters industry

POSITIONING STRATEGY OF GFC FANS

  i.    Product

GFC fans position themselves as the best quality product They make use of such materials that
make the product more durable, reliable and safe. According to them:

       All GFC fans are designed and built to the high quality standards
       All GFC fans are powered with totally enclosed capacitor type motors
       All GFC fans are made of silicon steel sheet to give maximum results with minimum
       electricity cost
       All GFC fans have aerodynamically designed blades for maximum air delivery and quiet
       operation
       All GFC fans have "E" grade insulation to protect from electric shock
       All GFC fans are available in 220V & 110V at 50Hz/60Hz

Their water Heaters are made of

  Imported Automatic Thermostat switch used.
  14 gauge metal sheet is used to prepare water tank, then checked on high pressure to protect
  from any leakage.
  Plastic powder coated paints are used, which let the geysers keep shine even in worst weather
  conditions.
Page |6


  After sale home service is provided and the spare parts are widely available.
  Best quality safety valves are used to protect from any danger.
  50% saving of gas in comparison to any other geyser, because of automatic gas control system
  used.




However the limitations regarding their product position are firstly, they don‟t give a long term
guarantee for their products whereas royal fans company gives life time guarantee. Moreover
their brand name creates a perception as they are just involved in fan manufacturing yet they are
producing other electric and gas appliances too.




 ii.    Price

GFC Fans use penetration pricing strategy by keeping their prices low as compared to their
competitors. Where the average price of Ahad fans, Pak fans and Royal fans is above 1900 PKR
GFC fans price their product on a price which is 10 percent less than their competitors.

 iii.   Promotion

Promotional campaigns of any company play a key role in communicating its brand image,
product features, and benefits to the customer. It‟s the tool of attracting the customers to buy the
product. GFC fans primarily make use of TV and Newspaper ads. Their taglines “Chalaaye
Khushiyon ki hawaayen”,“Ab khawb banaom haqeekat, mayaar aisa k koi mutbadil nahi” and
“Qaulity jo sab pe chaa jaaye” communicate an image of a highly satisfying product quality
which has no alternatives. They affiliate their ads with the celebrities for example Sara Gillani to
create more appeal in their advertisings. They also use yellowpages for promoting their products.
Moreover, they have a good „word of mouth‟ among the customers which helps them to create
maximum awareness among the customers.

 iv.    Place

GFC fans products are easily available at all the electronic stores of pakistan and thus is easily
accessible to all the customers. Moreover customers can also book their orders online and on
phone which makes it convenient for them to select and purchase the product according to their
requirements and affordability.
Page |7


Conclusion

Overall the product market structure of GFC fans company is not much complex. But, as they are
in the business of mixed electric appliances they should either change their flag brand name to
that covers all their product lines or they should make separate business units for the other
products. Secondly, GFC fans company should give the guarantee services which is the
requirement of the customers who buy electrical appliances in order to make their investment
safe.

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Product market structure

  • 1. Page |1 COMPANY PROFILE GFC Fans is one of the largest manufacturers of quality electric fans in Pakistan. GFC, under the leadership of Mr. Mohammad Ilyas, its CEO, has also been the pioneer in the expert of electric fans from Pakistan. Starting with its first commercial export in 1993, with a modest quantity & value, GFC is now exporting its products to the tune of US$ 12 million annually to more than 30 countries in the World. GFC fans became an instant success due to their quality and durability in the entire markets share these were introduced including countries in Asia, Middle East, and Africa& Europe. GFC became the first electric fan manufacturing company to win Export Trophy Award in Pakistan. Now, GFC has won its 12th Export Trophy Award. GFC also became the first ever company in Pakistan that is certified by UL (Underwriter Laboratories, USA) to export fans in USA and Canada. It is also the first fan manufacturing company to be awarded BRAND OF YEAR AWARD in 2007. GFC is also the pioneer in introducing latest technologies in fan manufacturing industry in Pakistan. The Plant & Machinery installed in GFC are at per those installed in manufacturing industries in technologically advanced countries like china, Taiwan, Vietnam etc. Keeping in mind the acute power shortage in Pakistan and other developing countries where GFC Fans are sold, GFC has been concentrating on the production of energy saving fans for the last twenty years. Special raw material for energy saving fans being used include electrical copper wire (produced at GFC‟s own Wire Drawing Plant since 1987), high quality ball bearings fan blades made on most modern plants/machinery with highly qualified labor force. The un-precedent success GFC have achieved during the last 30 years is being recognized as best quality fan manufacturer not only in Pakistan but also in Kingdome of Saudi Arabia, Sudan, Yemen, Senegal, Djibouti, Bangladesh, Iraq, UAE, Cameroon and many other countries. The GFC brand is also registered in many countries. GFC can take pride by the fact that many Chines Manufacturers are now copying these models originally introduced by us like „Nabeel‟‟ Model. Models like the Nabeel Model have received such international recognition, that now other companies use the model name to market their copies. GFC fans are designed manufactured to give heavy duty service and long time performance and meet customers need in hot and humid climatic conditions not only in Pakistan but also for many other countries. Due to their service, high quality long life in difficult environments, GFC have become Popular in a very short time. In spite of achieving such phenomenal success, GFC‟s organization culture led by its directors, stresses on meeting new challenges and reaching new heights.
  • 2. Page |2 The Directors of GFC Fans are highly qualified and motivated to lead the company. Mr. Mohammad Ilyas, the CEO, in an electrical engineer who graduated in 1968, having 43 years of work experience of not only working in the Pakistani manufacturing sector but also periodically getting trained and educated in Germany and USA. VISION STATEMENT We believe that we have a unique product which has been developed by GFC and no other country manufactures a pedestal fan like ours. This product is most useful in the hot tropical humid climates. We want to mark this product throughout the world and we foresee this product to dominate the entire International market. We want to set up an excellent after-sales-service and spare parts supply service to each and every country. We also want to set up home service centers throughout the world. We believe that within 10 years we can achieve an export target of US Dollars 40 Million. MISSION STATEMENT The Mission of G.F.C Fans is to produce such quality products which provide entire satisfaction to our customers over the world. PRODUCT MARKET STRUCTURE The Generic market of GFC fans includes electric and gas appliances. At the product type product market level its products include: Fans that are its mainstream products as clear from the brand name and other products include: Washing Machines, Room Air Coolers, Water Heaters, Cooler Water Pump, Cooler Fan, Enameled Copper wire and Skimming Machine all used for distint purposes. At product varient level in fans they have 7 types of fans which include ceiling fans, Pedestals, Circumatic, Wall Bracket fans, Louvre Fans, Table & TCP, Exhaust fans and Mist fans each distinguished based on different features and benefits. Similarly they have two types of water heaters gas as well as electric heaters. The Diagram is given on the next page.
  • 3. PRODUCT MARKET STRUCTURE FOR GFC FANSe Pag |3 Electrical & Gas GENERIC Appliances PRODUCT TYPE Water Fans Heaters Gas Electric PRODUCT VARIENT Ceiling Pedestal Wall Bracket Circumatic
  • 4. Page |4 PRODUCT VARIENTS IN FANS PRODUCT VARIENTS IN WATER HEATERS (GAS HEATERS)
  • 5. Page |5 COMPETITORS Direct Competitors Ahad Fans Pak Fans Royal Fans Parwaz fans Yunus fans(Yunus Metal works) Super Asia Electronics Indirect Competitors Hand fans that are also used as alternative in loadshedding season Solar heater manufacturers are their indirect competitors in water heaters industry POSITIONING STRATEGY OF GFC FANS i. Product GFC fans position themselves as the best quality product They make use of such materials that make the product more durable, reliable and safe. According to them: All GFC fans are designed and built to the high quality standards All GFC fans are powered with totally enclosed capacitor type motors All GFC fans are made of silicon steel sheet to give maximum results with minimum electricity cost All GFC fans have aerodynamically designed blades for maximum air delivery and quiet operation All GFC fans have "E" grade insulation to protect from electric shock All GFC fans are available in 220V & 110V at 50Hz/60Hz Their water Heaters are made of Imported Automatic Thermostat switch used. 14 gauge metal sheet is used to prepare water tank, then checked on high pressure to protect from any leakage. Plastic powder coated paints are used, which let the geysers keep shine even in worst weather conditions.
  • 6. Page |6 After sale home service is provided and the spare parts are widely available. Best quality safety valves are used to protect from any danger. 50% saving of gas in comparison to any other geyser, because of automatic gas control system used. However the limitations regarding their product position are firstly, they don‟t give a long term guarantee for their products whereas royal fans company gives life time guarantee. Moreover their brand name creates a perception as they are just involved in fan manufacturing yet they are producing other electric and gas appliances too. ii. Price GFC Fans use penetration pricing strategy by keeping their prices low as compared to their competitors. Where the average price of Ahad fans, Pak fans and Royal fans is above 1900 PKR GFC fans price their product on a price which is 10 percent less than their competitors. iii. Promotion Promotional campaigns of any company play a key role in communicating its brand image, product features, and benefits to the customer. It‟s the tool of attracting the customers to buy the product. GFC fans primarily make use of TV and Newspaper ads. Their taglines “Chalaaye Khushiyon ki hawaayen”,“Ab khawb banaom haqeekat, mayaar aisa k koi mutbadil nahi” and “Qaulity jo sab pe chaa jaaye” communicate an image of a highly satisfying product quality which has no alternatives. They affiliate their ads with the celebrities for example Sara Gillani to create more appeal in their advertisings. They also use yellowpages for promoting their products. Moreover, they have a good „word of mouth‟ among the customers which helps them to create maximum awareness among the customers. iv. Place GFC fans products are easily available at all the electronic stores of pakistan and thus is easily accessible to all the customers. Moreover customers can also book their orders online and on phone which makes it convenient for them to select and purchase the product according to their requirements and affordability.
  • 7. Page |7 Conclusion Overall the product market structure of GFC fans company is not much complex. But, as they are in the business of mixed electric appliances they should either change their flag brand name to that covers all their product lines or they should make separate business units for the other products. Secondly, GFC fans company should give the guarantee services which is the requirement of the customers who buy electrical appliances in order to make their investment safe.