In an effort to explore the essence of Industry 4.0 and promote technical exchanges and cooperation with German tech firms, a Taiwan smart machinery delegation is currently visiting related government units and leading automation firms in Germany, looking to better …
Machinery maker Hiwin Technologies Co (上銀科技) expects its annual sales to reach NT$20 billion (US$664.3 million) this year, up from last year’s NT$16 billion due to robust customer demand, company chairman Eric Chuo (卓永財) said yesterday.
Shares of Tong-Tai Machine Tool Co., Ltd (TPE:4526) closed at 20.55 yesterday. Tong-Tai Machine Tool Co., Ltd currently has a total float of 254.83 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 20 and high of 23.7.
Technological change can upend established markets, bringing smaller companies to prominence while giants fall. Just ask Nokia and Ericsson, the Scandinavian companies that once dominated the cell phone market. Richard Chen, chairman of Taiwan-based machine tool manufacturer YCM, says the movement to connect machine tools with computer networks to gain manufacturing insights could be as disruptive as the move from standard cell phones to smart phones – a movement that could carry Taiwan’s tool industry from price-based competition to prominence in the market.
Taiwanese companies are eyeing the Indian market with companies now offering cutting-edge products to India’s manufacturing sector.
Machine tools include lathes, boring bars, milling cutters, grinding machines and many other instruments, which are used to cut and shape metals or other rigid materials.
The Taiwan External Trade Development Council and Taiwanese machine tool makers have showcased industrial equipment at the ongoing Delhi Machine Tool Expo and said these can “contribute in the Make in India initiative".
Seeking to tap the huge Indian market, Taiwanese machine tool makers are offering their cutting-edge products for this country’s manufacturing sector, which is being aggressively promoted by the government.