Hiwin Technologies Most Profitable Machinery Firm in Taiwan

Taipei, Sept. 3, 2010 (CENS)--Thanks to influx of orders and continued growth in shipments, Hiwin Technologies Corp., Taiwan's leading manufacturer of linear-motion components and devices, was Taiwan's most profitable machinery concern by scoring NT$2.34 in after-tax earnings per share, trailed by Fu Chun Shin Machinery Manufacture Co. with after-tax EPS reaching NT$1.54, and Tongtai Machine & Tool Co. with NT$1.35.

Affected by the global financial crisis, domestic machinery firms mostly encountered operating losses in the first half of 2009, with most having become profitable since the fourth quarter of last year. Only Shieh Yieh Machinery Industry Co. and Falcon Machine Tools Co. have reported operating losses of NT$10 million in the first quarter of this year.

The firms boasting sales growth in the second half of this year include Tongtai Machine & Tool, Taiwan Takisawa Technology Co. and Anderson Group because of clear visibility in receiving orders for PCB (printed circuit board) drilling machines.

Hiwin Technologies Co. and Awea Mechantronic Corp. said they have received orders to fill production lines throughout the end of the first half of 2011.

With the completion of test running its new plant in Yunlin Technology Park, central Taiwan, Hiwin predicted its monthly sales will top NT$700 million after August, aiming to challenge NT$4 billion in sales in the second half of this year.

Hota Industrial Mfg. Co., a leading manufacturer of gear cutting machines and optical micro-image measuring equipment, saw monthly sales exceed NT$200 million in June and July. An institutional investor estimated the company will challenge annual sales of NT$2.31 billion this year as recorded in 2007.