At an investor conference held June 28, Chairman Eric Chuo of Hiwin Technologies Corp., a leading Taiwanese developer and manufacturer of precision linear motion components and robotic arms, stated that the firm’s outlooks in the second half of this year are expected to get brighter than in the first half, given the stable global trend for industrial automation and smart factory. Chou indicate...

Taiwan may have been gradually walking out of months-long economic recession for the time being, as the economic monitoring indicator regularly issued by Cabinet-level National Development Council (NDC) flashed a transitional yellow-blue light in May for the second consecutive month. With the indicator having showed the second monthly yellow-blue light after 10 successive months of a blue sinc...

Mainly fueled by strong orders from downstream manufacturers in such sectors as automobiles, smartphones and aerospace, Taiwanese machine-tool makers generally witnessed robust revenue in May after nearly a year of depression. Among them, Tongtai Group scored combined revenue of NT$894 million (US$27.93 million) in the month, surging by 30.06 percent from last May partly on growing operating i...

GF Machining Solutions, a division of GF, has agreed to purchase 100 percent of the shares of Microlution Inc., Chicago (Illinois, US), a specialist of micro-machining based on milling and laser technologies. Microlution was founded in 2005 by three engineers from the Chicago region. It specializes in 5-axis milling and femtosecond laser for hole drilling and micro-cutting in a wide range of i...

Industry executives project Hiwin Technologies Co., Ltd.’s consolidated revenue for 2016 to hit a reported new high of NT$16 billion (US$484.84 million) as the company is stepping up efforts to boost sales of automation equipment and robots, while the Japanese yen has risen recently to about 113:1 against the greenback, to hence make Taiwan-made equipment more price-competitive relative to those ...

Goodway Machine Corp. made NT$621 million (US$18.81 million) or NT$6.21 per diluted share, in after-tax net income in 2015, down 9.3 percent year on year but topping that by all of its machine-tool peers in Taiwan. The firm, set up in 1975 and located in the Central Taiwan Science Park, is principally engaged in the manufacture and distribution of computer numerical control (CNC) lathes and machi...

Chairman B.X. Ke of the Taiwan Association of Machinery Industry (TAMI) projects the island’s machinery industry to generate five percent higher output revenue this year than it did in 2015 to likely achieve the highly-coveted goal of NT$1 trillion (US$30.30 billion). He bases such upbeat prediction on the forecasts by several organizations that the global economy will improve with a modest de...

Citing unnamed sources, the Chinese-language Economic Daily News (EDN) reports that mainland China is unlikely to extend a tariff-exempt grace period on Taiwan-made machine tools destined for the mainland market, despite pleas by Taiwanese makers who wish to be allowed another five years through the trade-in-goods talks between Taiwan and the mainland. The mainland granted the duty-free treatm...

Chairman B.X. Ke of the Taiwan Association of Machinery Industry (TAMI) has suggested the newly elected Democratic Progressive Party (DPP) administration should resume the trade-in-goods talks between Taiwan and mainland China as soon as possible, and allow the NT-dollar-to-greenback ratio to devalue to 36:1 in order to boost the Taiwan industry’s competitiveness at global level. Ke, whose ass...

Industry executives estimate that the weakened NT-dollar, which traded at the rate of 33.066 for one US-dollar on the last day of 2015, fattened the bottom-lines of most Taiwanese machine-tool makers last year, with Goodway Machine Corp. leading its peers with projected after-tax net income of NT$6 per diluted share. Goodway Chairman Edward Yang points out that although the NT-dollar-to-greenb...