Undeterred by the sagging global economy, lathe manufacturers in Taiwan have been holding steady on investment levels over the past year. Their efforts are paying off with the rollout of innovative products, many of which will be on display at the Taipei International Machine Tool Show (TIMTOS 2003

Taipei, April 15, 2003 (CENS)--Far East Machinery Co., Ltd. (FEMCO), a manufacturer of industrial machines and machine tools, spun off its machining parts department into a technology-oriented firm named FEMCO Steel Co., Ltd. Earlier this month. Since its reorganization in 1963, FEMCO has been e