Awea Mechantronic's Production Lines Booked till Q1, 2012

Taipei, Oct. 13, 2011 (CENS)--Awea Mechantronic Corp., one of Taiwan's leading manufacturers of double-column machining centers, has orders backlogged till the first quarter of 2012 totaling between NT$1.6 billion and NT$1.7 billion.

The company said September sales increased by 23.88% year-on-year for a three- year high, with such monthly sales having declined from that in the preceding month due to the Eurobond crisis.

An Awea executive said the company will see satisfactory sales in 2012 if the overall economy is not upset in the fourth quarter, believing demand in the U.S. and Europe to strengthen in 2012, despite a slight decline in orders from home and China.

Other leading manufacturers of machine tools in Taiwan, leveraging the edge from the depreciating local currency against greenback over the past several weeks, claimed to have received orders at the EMO Hannover 2011, the world's largest metalworking exhibition held in September in Hannover.

Due to market diversification, Hiwin, a leading manufacturer of linear-motion devices and ball screws, has cut the machine-tool-to-total-sales ratio, and has achieved new highs in September and first-three-quarter sales despite the Eurobond crisis.

An industry insider said some Taiwan's machine-tool firms have seen orders decline by 30% to 50% over the past few months due to slowing demand from China's automotive and electronics industries amid flagging economic growth.