Hiwin's Sales Revenue Breaks NT$1B. Mark in May

Taipei, Jun. 8, 2012 (CENS)--Impervious to a sluggish market caused by the stubborn EU debt crisis and economic slowdowns in China, Hiwin Technologies Corp., a leading maker of precision machinery components in Taiwan, saw its sales revenue break the NT$1 billion mark for the second consecutive month to NT$1.001 billion in May.

For the first five months of this year, the company has raked in NT$4.297 billion in aggregate revenue, down 16.65% from NT$5.156 billion earned in the same period of last year. Hiwin indicated that its robust revenues seen in the past few months resulted from customers heavily restocking inventories of linear guideways and ball screws, with the sales booms expected to last into the coming months of this year.

As to business outlooks in the near future, the company's chairman Eric Chuo said that despite an uncertain global economy, his company remains confident of becoming one of the top two suppliers of drive and control system components in the world this year. For reasons, Chuo continued, market demand for automation equipment has steadily increased, with the growth mainly sustained by output expansion plans launched by global semiconductor producers, such as Taiwan's Semiconductor Manufacturing Co., Ltd. and S. Korea's Samsung Electronics.

In the meantime, appreciating Japanese yen and expected power shortages following shutdowns of commercial nuclear power stations in Japan have gradually forced local machinery makers to outsource parts, mentioned Chuo. This, in turn, has benefited his company in the form of increasing contract orders from Japan so far.

Based on the optimistic business prospects, institutional investors widely believe that Hiwin is very likely to see its sales revenue trend upward month by month during the second half of this year to challenge world's No.2 supplier of ball screws and linear guideways.