Though competition is growing, Taiwan retains a strong position in the international market for office furniture, helped in large part by the industry's wholesale migration to mainland China, Vietnam and other lower-cost production sites.
Friedrich Chen, chairman of the Taiwan Furniture Manufacturers' Association, says Taiwan has proven especially adept at tapping niche markets for metal furniture, office and home furniture, and furniture with unique designs.
Chen is also president of Taiwan's Fine Year Woodwork Co., which several years ago set up subsidiary Homedecor Worldwide Co. to produce mainstream furniture items in Dongguan, mainland China. The parent company still produces high-end office furniture in Taiwan, capitalizing on the island's reputation for quality.
Despite the mass exodus of wood-furniture manufacturers from Taiwan, Chen notes that several producers have remained rooted on the island. To make up for the cost disadvantage they face, these manufacturers have focused on higher-margin specialty items turned out in relatively small volumes. They have also bolstered their design ability to smooth the evolution from original-equipment manufacturer (OEM) to original-design manufacturer (ODM) production.
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Display maker AU Optronics' earning conference reported a strong performance in the second quarter, with order visibility long into the end of the year. Innolux Corp. had also recently pointed out that display panel sales would be tight throughout the year. Industry analysts say display prices would rise in Q3, though whether the trend would continue into Q4 requires observation. Due to the pa...
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■ Tseng Lung-nan Founded in 1981, Steel Mark is specialized in manufacturing locks and other related hardware. The company's product catalog includes padlocks, motorcycle and bike locks, deadbolt locks, digital door locks, door locks, rim & euro profile cylinders, and concern hardware and parts. Presently, the company operates modern manufacturing facilities occupying 3,300 square met...
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Paul Master Builds Reputation with Auto Chassis and Engine Parts
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