Thanks to tight supply and resulting price hikes, the Rechi Precision Co., Taiwan's largest manufacturer of precision compressors, chalked up record sales in the first four months of the year and predicts new highs for both sales revenues and profits for all of 2004. The company has reported pre

Taipei, April 26, 2004 (CENS)--Mainland Chinese household-appliance maker TCL Group began selling its products in Taiwan through the Taiwan-headquartered Eastern Group's retail network late last week, posing a threat to Taiwan's household-appliance suppliers. TCL is among the mainland's top thr

Taipei, April 20, 2004 (CENS)--Thanks to the influx of orders, Rechi Precision Co., Ltd., Taiwan's largest and the world's fourth-biggest manufacturer of air compressors, saw annual sales growth hit as high as 47% in the first quarter of this year. In light of the skyrocketed steel price, Rechi

Taipei, Feb. 17, 2004 (CENS)--Sampo Group, one of Taiwan's leading manufacturers of home appliances and heavy electric machinery, aims to become one of the world's top-three manufacturers of air compressors in three years. Rechi Precision Industry Co., a subsidiary of Sampo Group, confirmed havi

Taiwan's Teco Electric and Machinery Co. has announced four ambitious expansion projects which will together make it the largest manufacturer of industrial motors in the world. It is already the third biggest, with estimated sales of NT$18 billion (US$530 million at NT$34:US$1) worth of industrial

Established in 1992, Lucky-Pisces Co., Ltd. Is a specialized maker of auto-use air compressors, vacuum cleaners, and waxing machines. It also offers a range of in-car air-freshener products. Lucky-Pisces currently supplies six air-compressor models, including two models featuring extra-powerful

Bonmart Enterprise Corp. is a firm proud of its strong sense of social responsibility, dedicated to developing and supplying machinery equipment for fully recyclable and eco-friendly packaging materials. Sensing changes in packaging requirements for cosmetics and healthcare products, notably the

Taipei, Dec. 12, 2003 (CENS)--The free trade agreement (FTA) between Taiwan and Panama is to be effective on January 1, 2004, which is expected to greatly help Taiwanese manufacturers tap the markets in Latin America, the Caribbean, and the United States as well. Tong I-min, executive secretary

Taipei, Dec. 5, 2003 (CENS)--Rechi Precision Co. Ltd., a subsidiary of the Sampo Group, has reportedly obtained orders of more than 400,000 air compressors from Midea Group, mainland China's largest manufacturer of air conditioners. Over the past several years, Rechi has been making all-out effo

Chin Fong Machine Industrial Co., Taiwan’s largest producer of pressing and forging machines, has signed an agreement with Ishikawajima-Harima Heavy Industries Co. (IHI), Japan’s biggest producer of heavy machinery, to establish a joint venture-company in the central Taiwan city of Changhua. The

Taipei, Nov. 7, 2003 (CENS)--Rechi Precision Co., Ltd., a subsidiary of the Sampo Group, will expand cooperation relations with mainland China-based TCL Group. Rechi is Taiwan's largest manufacturer of various kinds of compressors. Recently, Rechi president Lee Wen-chin has flown to the mainland

Taipei, Nov. 5, 2003 (CENS)--Chin Fong Machine Industrial Co., Taiwan's largest producer of pressing and forging machines, yesterday signed a cooperation agreement with Ishikawajima-Harima Heavy Industries Co. (IHI), Japan's largest producer of heavy machinery, to set up IHI-Chinfong Press Engineer

Riding the crest of Taiwan's high-flying electronics industry, local switch makers have enjoyed banner sales in recent years as they hone their technical edge and expand into high-margin niche markets. Many of these gains have come through specialization and close cooperation within the local s

Taipei, Oct. 6, 2003 (CENS)--Fu Sheng Industrial Co., Ltd., Taiwan's largest manufacturer of air compressors and golf heads, recently announced acquisition of the plant air package (PAP) unit of the U.S.-based Elliott Turbomachinery Company. Based in Pennsylvania State, Elliott is a member of Ja

Taipei, Sept. 9, 2003 (CENS)—Aided by the economic recovery, the overall production value of Taiwan's machinery industry is expected to hit NT$446.8 billion (US$13.1 billion at US$1:NT$34.1), up 9.78% from last year, according to a survey conducted by the Industrial Economics and Knowledge Center (

Taipei, Aug. 25, 2003 (CENS)--Fu Sheng Industrial Co., Ltd., the largest local producer of golf heads listed on the Taiwan Stock Exchange, recently published its financial report for the first half of this year, with after-tax profit of NT$1.736 billion soaring by 112.8% from the January-June perio

Taipei, Aug. 1, 2003 (CENS)--Rechi Precision Co., Ltd., a main local manufacturer of compressors of air conditioners listed on the local over-the-counter bourse, scored earnings per share (EPS) of NT$1.03 for the first half of this year. Together with its subsidiaries in mainland China, Rechi Pr

Taipei, June 11, 2003 (CENS)--Fu Sheng Industrial Co., Ltd. And Advanced International Multitech Co., Ltd., the top two local manufacturers of golf heads, saw their May revenues increase by 15.86% and 37.82%, respectively, from May last year. Listed on the Taiwan Stock Exchange, Fu Sheng is the

Taipei, June 10, 2003 (CENS)--Tong-Tai Machine & Tool Co., Ltd. And Rechi Precision Co., Ltd., two local mechanical manufacturers listed on the local over-the-counter bourse, recorded an annual revenue growth of 18.82% and 10%, respectively, in May. Tong-Tai is a main producer of a variety of ma

Taipei, June 2, 2003 (CENS)--Fu Sheng Industrial Co., Ltd., the largest manufacturer of golf heads in Taiwan, projected its net (after-tax) earnings per share (EPS) at NT$4.22 for 2003, according to financial projections recently issued by the firm. Fu Sheng is also the largest OEM (original eq

Taipei, May 14, 2003 (CENS)--Rechi Precision Inc. said yesterday that it would fare well in 2003 with recent price hikes of air compressors in the mainland China market. In March, the price of Rechi Precision's air compressors raised about 15% in the mainland. The firm conducted another price hi

The 2003 Taipei International Electronics Spring Show (Taitronics Spring 2003) and Taipei International Optoelectronics Show (TaipeiOpto) were held simultaneously April 18~22 at the Taipei World Trade Center (TWTC) Exhibition Hall. While attendance by foreign buyers was inevitably down sharply beca

Taipei, April 30, 2003 (CENS)--Following the hectic demand for both golf heads and air compressors, Fu Sheng Industrial Co. raked in revenue of NT$2.38 billion in the first quarter, with after-tax profits reaching NT$794 million, or an earnings per share (EPS) of NT$1.61. Executives at Fu Sheng

Taipei, April 15, 2003 (CENS)--Rechi Precision Co., Ltd., a main local manufacturer of electric compressors listed on the local over-the-counter bourse, rang up aggregate revenue of NT$460 million in March, the highest monthly figure ever on record. The largest producer of compressors used in ai

Taipei, April 14, 2003 (CENS)--Sampo Group said yesterday that its two affiliates--Sampo Corp. and Rechi Precision Inc.--would soon set up an air conditioner plant in Guangdong Province, mainland China. With a total investment of about US$10 million, the proposed air conditioner plant is expecte

Taipei, April 4, 2003 (CENS)--Teco Group, a leading electrical machinery and home appliance conglomerate in Taiwan, recently announced that it would invest about NT$1 billion (US$28.74 million at US$1:NT$34.8) to set up a home appliance production base in Nanchang, Jiangxi province, mainland China.

Taipei, April 4, 2003 (CENS)--Due to stable delivery of golf heads and increasing demand for air compressors, Fu Sheng Industrial Co. scored revenue of NT$2.38 billion in the first quarter, a historical high figure in recent years. In March alone, the firm raked in revenue of NT$816 million, the

Taipei, March 24, 2003 (CENS)--Fu Sheng Industrial Co., Ltd., the largest local manufacturer of golf heads listed on the Taiwan Stock Exchange, will distribute a dividend per share of NT$3.6, NT$3.0 in cash and NT$0.6 in stock, for its operation in 2002. Fu Sheng is also the world's largest prod

Taipei, Feb. 20, 2003 (CENS)--Chai Yong-sen, executive vice-president of the Haier Group of mainland China, on Feb. 18 met with H.C. Ho, president and CEO of Taiwan's Sampo Corp., to discuss possible expansion of cooperation ties between the two companies. Haier is the largest home appliance/inf

Taipei, Feb. 17, 2003 (CENS)--Rechi Precision Inc. said yesterday that it delivered 360,000 air compressors in January, up 47.94% from the same month a year ago and a historical high delivery in recent years. The firm's revenue stood at NT$342 million in January, up 9.36% from NT$312 million rec