Electric-machinery Firms in Taiwan Tapping Green Segment

Taipei, Oct. 22, 2008 (CENS)-The leading electric-machinery firms in Taiwan, including Teco Electric & Engineering Corp., Jenn Feng Industrial Co., Falcon Cycle-Parts Co. and Rechi Precision Co., are rushing to tap the green segment-focusing on the most popular energy-saving, carbon-reducing items.

Teco said it is expanding wind-power generating operations-with its capacity filled through the end of 2010. Jenn Feng is aggressive engaged in R&D of solar-energy films. Falcon is venturing into the solid-hydrogen field. Focusing on compressors, Rechi has been producing thermal pumps and has received orders.

Teco chairman C.K. Liu said wind-power generating business will be his company's largest growth engine-with the green energy-making segment named as one of the most popular industries in the next 25 years.

In November 2006, Teco's U.S. subsidiary-Teco Westinghouse Motor signed a strategic alliance agreement with Composite Technology Corporation, a U.S.-based listed firm focusing on wind turbines, to set up a factory in Texas state to develop, produce and repair wind turbines. At present, the factory has three production lines with orders lined up till 2010.

Jenn Feng said it would budget NT$789 million (US$24.27 million at US$1:NT$32.5) to produce CIGS solar-energy film batteries, with mass production to start by the end of the first quarter of next year. The company estimated the new business will help it bring in NT$1 billion (US$30.76 million) in annual sales.

Rechi noted it has applied inverter and thermal-pump technologies to develop inverter controllers which have been applied to air-conditioners shipped to domestic firms. The company plans to mass-produce the inverter controllers to meet the strong demand in China. Rechi said the thermal-pump compressor can be widely applied to residential applications as water-heaters and driers for its energy-saving feature.

Falcon president C.C. Chang noted his company is actively developing solid-hydrogen products which have been sent overseas for certification.