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.
Throughout 2014, both Taiwan’s machinery industry and machine-tool industry delivered fewer machines than originally ordered due chiefly to the higher NT-dollar-to-greenback ratio than that between the U.S.-dollar and the Japanese yen and South Korean won.
J.C. Wang, president of the Taiwan Asso... Full Story
Hiwin Technologies Corp., a major Taiwan-based manufacturer of linear guide ways and ball screws, reported revenue of NT$15.08 billion (US$471.25 million) throughout 2014, rising 21.3% from 2013’s NT$12.44 billion (US$388.81 million) to trail modestly NT$15.81 billion (US$494.34 million) it posted ... Full Story
Chairman Jimmy Chu of the Fair Friend Ent. Group (FFG) announced that his company will enter into alliance with Aerospace Industrial Development Corp. (AIDC) to develop and manufacture composite materials for aircrafts.
FFG, Taiwan’s biggest machine-tool maker, will provide equipment to the mate... Full Story
Goodway Machine Corp. and Tongtai Machine & Tool Co., Ltd. are expected to join the NT$10 billion (US$322.58 million at US$1:NT$31) revenue club of Taiwan's machine-tool sector in Taiwan with consolidated revenue in 2015.
Only a handful of machine-tool makers on the island have crossed the NT$10... Full Story
Taiwan Shin Kong Security Co., Ltd. (SKS), Taiwan's second-biggest private security company, will begin to export entertainment robots sometime in 2015. The company aims to ship about 100 units over the year and generate revenue up to NT$100 million (US$3.22 million at US$1:NT$31).
SKS' robot op... Full Story
In Jan.-Nov. 2014, Taiwan shipped US$19 billion of machinery, up only 6.4% year on year, with the island’s machine-tool industry having exported US$3.43 billion of equipment, growing at lower-than-expected rate of 6.2% year on year.
According to Taiwan government statistics, local machinery make... Full Story
Chairman Jimmy Chu of the Fair Friend Ent. Group, Taiwan’s biggest machine-tool maker by revenue, said the group will add five factories in 2015 through acquisition or partnership at cost exceeding US$100 million to expand into machine tools for mobile device casings.
The group is in talks with... Full Story
Hinwin Technologies Corp., Taiwan’s biggest manufacturer of crucial components for precision machines, announced consolidated revenue of NT$1.5 billion (US$50 million) in November, up 0.7% from a month earlier and 12.67% year on year to hit a 3-year high, to which industry executives attribute most... Full Story
Taiwan’s leading machine-tool makers are accelerating their investment plans to alleviate the problem of insufficient production capacity, despite the hazy business outlook for 2015.
The Tongtai Group’s board of directors recently approved an investment of NT$600 million (US$20 million at NT$30:... Full Story
Fair Friend Group recently set up with its local agent in India a 50-50 joint venture, Feeler Cosmos, to make machining centers for the Indian machine-tool market, which is projected to bring in NT$5 billion (US$166.6 million) in revenue by 2020, according to group chairman Jimmy Chu.
Having se... Full Story
Landing better-than-expected orders at the Taiwan International Machine Tool Show 2014, held Nov. 5-9 in Taichung, central Taiwan, Taiwan’s leading machine-tool builders are upbeat about business in Q1, 2015.
Chairman D.H. Yang of the Goodway Group said its Goodway Machine Corp. and Awea Mecha... Full Story
The Fair Friend Group (FFG) will launch initial public offering (IPO) in Taiwan in 2017, to be Taiwan’s largest listed machine-tool manufacturing conglomerate by market revenue.
With KGI Securities as the IPO underwriter, FFG will set up a holding company by the end of 2014 to operate all subsi... Full Story
Hiwin Technologies Corp. outperformed all its Taiwanese peers in machine-tool industry earnings for the first three quarters by making NT$6.21 per share, with Q3 earnings of NT$2.91, based upon which industry executives estimate its 2014 earnings at NT$9 per share.
The company, a major maker of ... Full Story
Taiwanese machine-tool makers Fair Friend Enterprise Group, Goodway Machine Corp., and Hiwin Technologies Corp. have decided to acquire Japanese machine-tool makers in a move widely seen as an attempt to convert the threat of the weak yen into an opportunity.
The yen's value plummeted to a six-y... Full Story
Taiwan’s machine-tool makers show guarded optimism about their 2015 outlook, with over NT$10 billion (US$333.3 million) of combined orders booked and yet jittery about several potentially risky factors.
According to the Taiwan Association of Machinery Industry (TAMI), the U.S. government’s annou... Full Story
Chairman Jimmy Chu of the Fair Friend Group has announced plans to spend around US$50 million on a new operations headquarter and R&D center in Hangzhou City, mainland China, as part of the group's effort to quickly boost its share of China's machine-tool market. Construction on the facilities, whi... Full Story
Industry executives predict that Taiwan's machine-tool maker Goodway Machine Corp. will earn NT$5.5 per share this year on consolidated revenues of NT$7.5 billion (US$250.0 million at NT$30:US$1) and NT$8 billion (US$266.6 million), thanks to the recovery of the automobile, aircraft, and energy ind... Full Story
Hiwin Technologies Corp. Chairman and Chief Executive Officer (CEO) Eric Chuo said his company, recognized as the world’s No.2 manufacturer of ball screw bearings and linear guideways, will again expand in 2015 to pursue the global lead by 2017.
The expansions cover the firm's new businesses of... Full Story
Eleven machine-tool makers in Taiwan have formed an alliance, spearheaded by the Ministry of Economic Affairs (MOEA) and coordinated by Goodway Machine Corp., to develop machines to process aircraft precision parts, which is likely to help enhance added-value for the island’s machine-tool industry.... Full Story
According to foreign wire services, Hiwin Technologies Corp., Taiwan’s No.1 and the world’s No.2 manufacturer of ball screws and linear guideways for precision machines, plans to acquire distributors and set up manufacturing in Japan as part of its plan to take over the global lead from THK of Japa... Full Story
The machine-tool manufacturer, Fair Friend Enterprise Group, broke ground on Oct.18 to construct a plant in the Zhengzhou Airport Economic Experimental Zone (ZAEZ) in Henan Province, China as part of its goal to lead the global machine-tool sector by 2020 with estimated revenue of US$8.3 billion.
... Full Story
Spearheaded by Taiwan's Ministry of Economic Affairs (MOEA) and coordinated by Goodway Machine Corp., around 10 of Taiwan’s leading machine-tool makers plan to organize a consortium by the end of this year to develop high-end machines for the island’s aircraft-parts industry, to potentially genera... Full Story
Taiwan's government-backed Industrial Technology Research Institute (ITRI) plans to organize a 3D printing consortium by the end of this year with the aim of developing locally-sourced equipment and materials technologies for Taiwan’s emerging 3D printing industry.
The consortium is scheduled to... Full Story
Taiwan’s leading machine-tool makers reported strong sales in Q3 this year mostly thanks to increasing demand from China, the United States and European Union.
Goodway Machine Corp. had consolidated revenue of NT$1.9 billion (US$64.9 million) in Q3, roughly equal to that of Q2, with NT$2.3 bill... Full Story
Taiwan-based Teco Electric & Machinery Co., Ltd., a supplier of motors and household appliances, expects to continue gaining steam from its wind turbine business, as its new factory of such products in Hunan Province, central China, will start up at the end of October to tap China’s wind power mark... Full Story
Benefiting from Taiwan’s thriving fastener industry, which could finish this year with export value exceeding US$4 billion, Chun Zu Machinery Industry Co., Ltd., a leading Taiwanese supplier, aims for annual revenue of NT$1 billion (US$33.34 million) in 2014, according to chairman, Bruce Sun.
... Full Story
To keep up with brisk growth, Rechi Precision Co., Ltd., world’s fourth-biggest supplier of compressors for air conditioners by shipment, has stepped up output expansion across Taiwan and China.
Recently its board approved an investment of US$20 million in the first-phase construction of a fac... Full Story
The Taiwan-based Rechi Precision Co., the world’s fourth-largest supplier of compressors for air conditioners by volume, is widely expected by institutional investors to achieve a new high of NT$17 billion (US$566.67 million) in consolidated revenue this year, with its compressor shipments likely t... Full Story
Both Taiwan’s machinery export and machine-tool export in September missed growths expected by industry executives probably due to lagging shipments, according to president of the Taiwan Association of Machinery Industry (TAMI), J.C. Wang.
In September, the island shipped US$1.65 billion of mach... Full Story
Hiwin Technologies Corp. recently announced that consolidated Q3 revenue hit a seven-year high of NT$4.2 billion (US$141.7 million), with the September revenue of NT$1.4 billion (US$49 million) reaching a 34-month high.
The September result represented a 2.8% increase from the previous month and... Full Story