Looking in-depth at the latest developments in production, sales, product design innovation, and technology advancements, as well as overall supply capabilities of Taiwan’s major export industries, these reports focus on machinery, auto parts, hardware, furniture, lighting and hardware etc. to keep global buyers and readers informed and better prepared to do business with Taiwan suppliers.
The directors and supervisors of the Taiwan Association of Machinery Industry (TAMI) have agreed to select chairman B.S. Ke of Kwang Dah Enterprise Co., Ltd., concurrently the convener of the association’s board of executive supervisors, as the association’s next chairman.
On March 26, the TAMI,... Full Story
Affected by fewer working days throughout February due to the Lunar New Year break, alongside impacts of recently new lows in crude oil prices on local mining, petroleum and plastic industries, Taiwan witnessed its exports in the month drop by 6.7 percent year-on-year to US$19.86 billion, dragging ... Full Story
High season has returned to Taiwan’s LED industry earlier than expected, with revenue beginning to climb this March across the island’s sapphire-substrate, chip and packaging sectors.
Although fewer workdays in February due to the weeklong Chinese New Year break led to reduced revenue at most of... Full Story
Fewer working days in February due to the timing of the Lunar New Year holiday contributed to a 16.3% fall in taxes collected in Taiwan during the month. The NT$57.1 billion (US$1.81 billion) received was NT$11.2 billion (US$355.56 million) less than the same month last year, the Ministry of Financ... Full Story
Taiwan’s leading machine tool makers landed sizable orders during the Taipei International Machine Tool Show 2015 (TIMTOS 2015), held March 3-8 in Taiwan’s capital city of Taipei, thanks to encouraging recovery in Europe due to its quantitative easing, lowered interest rate in China, and foreseeabl... Full Story
Seemingly immune to seasonal factors, Taiwan’s export orders in January grew 8 percent year on year (YoY) to US$39.04 billion, the highest January record in history, according to the latest statistics compiled by Ministry of Economic Affairs (MOEA).
Additional good news for Taiwan’s export-drive... Full Story
Mainly driven by robust service sectors in Taiwan likely due to rising tourist arrivals from China, Japan, S. Korea, manpower demand of Taiwanese enterprises in Q2, 2015 is estimated to increase 45,063 people relative to that in Q1, the strongest increase for the quarter in history, as shown by the... Full Story
Nanya Plastics Crop., reportedly the most profitable member of the Formosa Plastics Group (FPG) last year, has recently started a three-year, NT$33 billion (US$1.06 billion) investment project targeting its businesses in Taiwan, China, Vietnam and the United States.
Its operations in China will ... Full Story
TIMTOS 2015 in Taipei to Set New High in Turnout
The Taipei International Machine Tool Show (TIMTOS) 2015, staged March 3-8, is projected to draw over 1,000 exhibitors from 17 nations to occupy 5,400 booths this year, setting new high and unseating the Japan Machine Tool Fair as the No.2 machin... Full Story
Underselling competition, which inevitably forces makers saddled with relatively higher overhead as wages, plant rental, land acquisition cost, hydro and power bills to develop products with higher margins, technical and startup thresholds, is driving Taiwan’s LED makers into high value-added appli... Full Story
Taiwan’s manufacturers of petrochemicals, liquid-crystal displays, automobiles and machine tools can take a sigh of relief after learning the free trade agreement (FTA) China and South Korea initialed on February 25 does not offer as much leeway for trade and duty-reduction as had been expected by ... Full Story
Taiwan’s National Biotech Research Park, the island’s first government-invested integrated biotech park incorporating research, development and startup incubation capacity, will open in April 2016, according to Academia Sinica President C.H. Wong, whose organization came up with the idea for the pr... Full Story
Last year, Taiwan’s three science-based industrial parks, namely the Hsinchu Science and Industrial Park (HSIP), the Central Taiwan Science Park (CTSP), and the Southern Taiwan Science Park (STSP), together set record highs in production revenue, export revenue, and employment.
According to Taiw... Full Story
Hiwin Technologies Corp., reportedly the world’s No.2 maker of linear guide ways and ball screw bearings, kept 24-hour shifts during the weeklong Chinese New Year holidays to deal with backlogged orders, bucking the typical trend of light workloads in first quarters.
Chairman and chief executive... Full Story
Industry executives predict Everlight Electronics Co., Ltd., reportedly the world’s No.1 LED packager by volume, to make at least NT$6 per share in after-tax net income on projected revenue of NT$35-36 billion (US$1.12-1.16 billion) this year, making it Taiwan’s most profitable LED maker for anothe... Full Story
January saw Taiwan’s 10 export processing zones overseen by the Ministry of Economic Affairs (MOEA) generate some NT$32.9 billion (US$1.06 billion) in export revenue, increasing 16 percent year on year to hit a new high, according to the ministry’s Export Processing Zone Administration.
Based on... Full Story
Despite a low-season factor, Taiwan’s leading machine-tool makers, including AWEA Mechantronic Co., Ltd., Goodway Machine Corp., Roundtop Machinery Industries Co., Ltd., Kao Fong Machinery Co., Ltd., Falcon Machine Tool Co., Ltd., Shieh Yih Machinery Industry Co., Ltd., Tong Tai Machine & Tool Co.,... Full Story
Largan Precision Co., Ltd., recognized as the world’s biggest manufacturer of smartphone lenses with share prices on the TAIEX of Taiwan sometimes eclipsing US$82 to be the most costly on the island, has announced to begin building a factory sometime in the first quarter for some NT$20 billion (US$... Full Story
Taiwan Semiconductor Manufacturing Co. (TSMC), recognized as the world’s biggest pure silicon foundry, has announced scaling up its investment at the Central Taiwan Science Park (CTSP) to NT$700 billion (US$22.58 billion) after its NT$500 billion (US$16.12 billion) expansion project at the park pas... Full Story
Following over five decades of development, the yacht building industry in Taiwan has established a solid name among professional buyers and yacht owners throughout the world, helping the island retain its crown as Asia's biggest producer of yachts 80 feet and longer in 2015.
The latest news rep... Full Story
Industry executives project Tongtai Machine & Tool Co., Ltd., a leading machine-tool maker in Taiwan, to generate consolidated revenue in excess of NT$10 billion (US$322.58 million) this year, an increase from 2014’s NT$9.13 billion (US$294.58 million).
The bullish forecast is based on swarming ... Full Story
As the global 3C (computer, communication and consumer electronic) industry is expected to stay buoyant due to continuously growing popularity of smartphones and other mobile Internet devices, Compal Electronics Inc., world’s top-2 laptop ODM (original design manufacturer) by shipment and a leading... Full Story
Mainly fueled by a significantly growing trade surplus realized in Q4, 2014, Taiwan, mostly an export-driven economy, ended the year with an estimated 3.51 percent growth in GDP, a 3-year high and 0.08 of a percentage point higher than originally expected, according to the latest report by Director... Full Story
With international crude oil prices having fallen to record lows since the 2008 financial meltdown and a major news channel reporting per barrel price may dip to US$20, Taiwan’s GDP in 2015 is forecast to grow by around 4 percent, an equivalent of some NT$160 billion (US$5.08 billion), over 2014, a... Full Story
China Steel Corp. (CSC), recognized as Taiwan’s largest steelmaker by size, started up on January 12 its new factory of electromagnetic steel sheets owned by its affiliate, China Steel Corporation India Pvt. Ltd., in India’s western state of Gujarat, being ready to explore considerable business opp... Full Story
ZINIU Lighting Technology Corporation is a professional lighting company specializing in research, manufacturing and application of different kinds of LED lighting products.
Now the company manufactures and markets a wide range of LED lighting products to domestic and worldwide customers. The LE... Full Story
Goodway Machine Corp., one of Taiwan's leading machine-tool makers, has filled production capacity through the first quarter and is filling its second quarter capacity, largely due to an influx orders from aircraft builders and carmakers, according to company chairman, Edward Yang.
Yang says tha... Full Story
Nanya Technology Corp. and Inotera Memories Inc., both subsidiaries of the Formosa Plastics Group (FPG), together posted an estimated NT$74 billion (US$2.38 billion) in after-tax net income last year, setting new highs in both companies’ history.
Inotera estimates its after-tax net income at ove... Full Story
Delta Electronics Inc., the world’s No.1 power-supply maker for electronic devices by volume, on Jan. 22 debuted its SCARA-branded industrial robots at its R&D center in Taoyuan County, northern Taiwan, as its first step into the manufacturing of smart-factory equipment.
Company chairman, Yancy ... Full Story
Compiled by STEVE CHUANG
After seeing sharp shrinkage in size mostly due to overwhelming rivalry from underselling rivals worldwide, it may have been impossible for Taiwan’s blown film sector to return to its heyday. However, local surviving insiders are still working hard on improving machines ... Full Story