Kao Ming Machinery May Eclipse US$29 B. in Annual Sales by 2009

Taipei, Oct. 31, 2008 (CENS)--Kao Ming Machinery Industrial Co., a leading manufacturer in Taiwan of large double-column machining centers, inaugurated on Oct. 30 a new plant in the Houli industrial zone in the Central Taiwan Science-based Industrial Park.

Having invested more than NT$600 million (US$17.91 million at US$1:NT$33.5) to erect the new plant, the company would challenge NT$1 billion (US$29.85 million) in overall annual sales by 2009, with such figure to exceed NT$3 billion (US$89.55 million) in five years.

Kao Ming president S.Y. Chang said his company would lead the world in manufacturing double-column machining centers, in terms of production volume, after the new plant goes online. The company aims to overtake such world-class manufacturers as Okuma Co. and Mazak Co. of Japan and Zayer of Spain.

The company boasted it is Taiwan's first to successfully develop large-sized double-column machining centers and radial drilling machines.

Kao Ming's new plant spreads over 216,000 square feet and is designed to have 10 production lines, which will turn out annually 800 to 1,000 units of standard double-column machining centers plus 40 to 50 units of large-sized double-column machining centers. The plant will help the company generate an extra NT$3.5 billion (US$104.47 million) to NT$4 billion (US$119.4 million) in annual production value.

At present, Kao Ming sees large-sized double-column machining centers account for 80% of its total output. About 95% of the output of the large-sized double-column machining centers are exported to the U.S., Japan and Europe

Kao Ming began specializing in the development and production of radial drilling machines in 1968. The company diversified into the production of double-column machining centers later, with the current line to include vertical machining centers, vertical/horizontal five-faces machining centers, high-speed vertical machining centers, and double-column five-faced machining centers.