Frank Wang, president of toolmaker Double Dynasty Co., Ltd., has been pursuing an ambitious goal-turning out products comparable to those from world-leading suppliers like Bosch and B&D-since he opened business some 10 years ago. "We have never moved production to mainland China and never eng

Taipei, Aug. 11, 2006 (CENS)--In a recent syndicated loan, banks were willing to lend 46% more money than needed to TECO Electrical and Machinery Co., Ltd., which will use the money to finance an ambitious plan to build global presence. The four syndicate banks—Bank of Taiwan, Taiwan Cooperativ

Taipei, July 10, 2006 (CENS)--Two Taiwanese enterprises, Rechi Precision, Taiwan's largest air-conditioner compressor maker, and Lite-On Group have reportedly decided to list their shares on the Hong Kong stock exchange. Chen Sheng-chuan, chairman of Rechi, confirmed on July 9 that the company h

Taipei, May 25, 2006 (CENS)--United Microelectronics Corp. (UMC) announced on May 24 that its 100%-owned subsidiary, Hungting Venture Capital, has bought up 47,500,000 shares of Tatung Co., or 1.13% of the company' s total shares, a move triggering speculation in the market that UMC may attempt to

Taipei, Feb. 23, 2006 (CENS)--To finalize his group's thin film transistor-liquid crystal display (TFT-LCD) panel procurement with Taiwanese makers, Tomson (Dongsheng) Li, chairman of the TCL Group of mainland China, the world's largest TV manufacturer (with brands of TCL, Thomson, and RCA), recent

Taipei, Feb. 22, 2006 (CENS)--Taiwan' s manufacturers of machine tools have shown strong interest in tapping Vietnamese market as many are scrambling to display products at the 2006 Vietnam International Machine Tool Show to be held in Ho Chi Minh City March 1-4, according to a survey conducted by

Taipei, Jan. 25, 2006 (CENS)--Matsushita Electric (Taiwan) Co. recently announced it has set a sales goal of producing 200, 000 air-conditioners this year to challenge rival Hitachi Taiwan as the largest vendor of the products in Taiwan. Matsushita Electric (Taiwan) said the high-value-added inv

Taipei, Dec. 15, 2005 (CENS)--Rechi Precision Co., one of the world's top-four producers of compressors, will cooperate with United Microelectronics Corp. (UMC), Taiwan's second-largest chipmaker, to roll out inverter compressors. With today's increased emphasis on energy conservation and enviro

Taipei, Nov. 17, 2005 (CENS)--Teco Group, one of Taiwan's largest producers of electric machinery, will set up a joint venture with mainland China's AUX Group to operate a new plant of compressors for air conditioners in Ningbo of Zhejiang Province in an RMB200 million deal. In the initial stage

Taipei, Oct. 20, 2005 (CENS)--Sampo Group will set up a strategic relationship with Tatung Co. to produce compressors, said Sampo chairman Chen Sheng-chuan. Chen noted the cooperation with Tatung would help both sides to enlarge their customer bases because they have complimentary production adv

Taipei, Oct. 17, 2005 (CENS)--Sampo Group has recently entered into alliances with United Microelectronics Corp. (UMC) and Tatung Corp. in hope of boosting its competitiveness in world household-appliance market. To ally with UMC, Sampo has allocated a seat at affiliate Rechi Precision Co., Ltd.

Taipei, Sept. 14, 2005 (CENS)--Teco Electric & Machinery has decided to join hands with China's Aux Group to invest 600 million yuan for a compressor plant with an annual capacity of 3 million compressors in Ninbo Zhejiang, mainland China. The projected plant is scheduled to begin mass productio

Taipei, Aug. 23, 2005 (CENS)--Tatung Co., one of Taiwan's leading manufacturers of home appliances, has recently begun mass production of refrigeration compressors in Zhongshan of Guangdong Province, mainland China, according to a top company executive. Tatung president W.S. Lin said the refrige

Taipei, June 29, 2005 (CENS)--Leading Taiwanese household-appliance suppliers including Rechi Precision Co., Ltd. Kolin Inc. Tatung Co., and Sampo Corp. have moved to jointly develop frequency-conversion air conditioners as part of their plan to cut dependence on Japanese technology sources. Th

The Taiwan External Trade Development Council (TAITRA) recently kicked off its Global Aftermarket Auto Parts Promotion (GAAP) project during the 2005 Taipei Int'l Auto/Motorcycle Parts & Accessories Show (Taipei AMPA '05). The show, staged May 13-16, is a key channel for major international buyers

Taipei, April 15, 2005 (CENS)--Rechi Precision Co., Ltd., Taiwan's largest manufacturer of air compressors, is expected to attain its long-term goal as the world's No.1 producer in the field in 2006. The firm will kick off construction of a production facility in Qingdao of Shandong province, m

Taipei, March 30, 2005 (CENS)--Representatives in Tianjin, mainland China of General Electric (GE) Co. of the U.S. recently placed a big order with officials from Taiwan's Sampo Corp. for 200,000 large-sized refrigerators, according to Sampo. GE officials also visited Sampo's second refrigerator

Taipei, March 17, 2005 (CENS)--The TCL Group, a leading home-appliance conglomerate in mainland China, is expected to expand its procurements from Taiwan, according to Felix Chen, chairman of Taiwan's Sampo Group. According to Chen, TCL chairman Li Dong-sheng is scheduled to visit Taiwan early n

Linson & Bright Industries Corp., founded in 1984, is one of Taiwan's leading suppliers of air compressors and pneumatic tools. The company is now promoting a patented air compressor powered by a four-stroke gas engine. The engine has been qualified under the strict environment-protection stand

Three of Taiwan's leading home-appliance makers—Teco, Sampo, and Kolin—are developing overseas production networks for liquid crystal display (LCD) TV products in a bid to gain stronger competitiveness. Sampo, for instance, recently announced plans to move its global LCD and plasma display pane

Taipei, Dec. 23, 2004 (CENS)--TCL-Rechi (Huizhou) Refrigeration Equipment Co., Ltd. Recently announced it has seen orders fully booked for refrigeration compressors to be shipped in 2005 from the mainland's top-five air-conditioner manufacturers, including Haier Group, TCL Group, and Meadi Group.

Taipei, Nov. 25, 2004 (CENS)--Rechi Precision Co., Ltd., Taiwan's largest and the world's fourth-largest manufacturer of air compressors, will invest NT$400 million (US$12.3 million at US$1:NT$32.5) to set up a fifth production line in Taiwan in February next year. Rechi's president Lee Wen-chin

Taipei, Nov. 19, 2004 (CENS)--Advanced International Multitech Co. (AIM), a leading global supplier of golf clubs and heads, has announced plans to step into auto- and machinery-parts businesses by acquiring relevant companies in the fields. AIM chairman Cheng Si-kun claimed that his company wou

Taipei, Nov. 17, 2004 (CENS)--Teco Group, Taiwan's largest manufacturer of heavy-duty electric machinery, has signed a contract with OKAS Air-condition Corp. to set up a joint-venture assembly plant of air-conditioner compressors in Ningbo of Zhejiang Province, mainland China by the end of June nex

Taipei, Sept. 21, 2004 (CENS)--Rechi Precision Industry Co., Ltd., one of Taiwan's leading manufacturers of air compressors, has recently acquired orders for seven million air compressors from four world-class manufacturers of home appliances for delivery next year. The four manufacturers that h

The value of Taiwan's machinery production has been growing steadily almost every month since the industry bottomed out in February 2002, according to the Industrial Technology Information Service (IT IS) office of the Industrial Technology Department (ITD), Ministry of Economic Affairs (MOEA). The

Taipei, July 26, 2004 (CENS)--Rechi Precision Co., Ltd., Taiwan's largest and the world's fourth-largest manufacturer of air compressors, posted earnings of NT$450 million (US$13.31 million at US$1:NT$33.8) in the first half of this year, reaching 110.3% of this year's annual profit goal. Based

Taiwan's Teco Electric & Machinery Co. recently announced the signing of an agreement with SiTong Electric Machinery in mainland China's Jiangxi Province to use the latter's electric-motor plant as a beachhead for development of the market in western China. Teco also announced that it would pou

Leading golf-equipment makers in Taiwan experienced sharp growth in sales in the first quarter of 2004, thanks to increasing OEM (original equipment manufacturer) orders from major international vendors, according to industry sources. Leading international brands, including Callaway, Cobra, Lynx

Taipei, June 15, 2004 (CENS)--Rechi Precision Co., Ltd., Taiwan's largest and the world's fourth-biggest manufacturer of air compressors, is expected to see annual output exceed 10 million units to challenge the world's top-three manufacturers in the next three years. Rechi Precision currently c