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Taiwan Machine Tools | May 28, 2017

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Machine Tools Industry Flourishing for 2nd Half of 2014

Machine Tools Industry Flourishing for 2nd Half of 2014
Taiwan Machine Tools

Machine Tools Industry Flourishing for 2nd Half of 2014

(Economic Daily News) Due to the global economy recovery and the increasing demand for automation, many Taiwanese machine tools and components manufacturers, including Hiwin Technologies Corp. (上銀科技), Goodway Machine Corp. (程泰機械), Kao Fong Co. Ltd (高鋒工業), and Tongtai Machine & Tool Co. Ltd (東台精機), are hopeful about the second half of their industrial economy. A series of investments in factories have been accelerated as these companies are actively expanding their production capacity.

Hiwin’s chairman Eric Chuo (卓永財) said overall the machine tool industry is doing quite well, especially the manufacturers with high-end, complex models and the high production capacity production lines. They certainly have higher market visibility compared to others, but overall the whole industry is optimistic about the second half as compared to the year before.

Hiwin’s new construction plans for facilities in Taichung Precision Machinery Park and Chiayi Dapumei Intelligent Industrial Park are scheduled to begin by the end of the year. Its capital expenditure for the past three years is approximately NT$ 70 billion.

Goodway Machine Corp. currently has more than NT$ 2.3 billion worth of orders in hand, which fulfilled its Q3 capacity and some for Q4. Legal person estimate that Goodway Group’s consolidated revenue is very hopeful to reach NT$ 7.5 to 8 billion and has a good chance of reaching the NT$ 10 billion benchmark.

Goodway’s chairman Edward Yang (楊德華) noted that its construction plan for the new manufacturing facility in Chiayi Dapumei Intelligent Industrial Park will begin in Q3 and will cost approximately NT$ 600 million. The factory will serve as the production base for high-end five-axis machining center, and large gantry machine.

Kao Fong resumed American marketing plan this year while started development for high value-added production line machine by signing with a new U.S. marketing agent in June. 15 horizontal, vertical and gantry machines already have been sold for around USD$ 60 million.

Kao Fong’s expansion in the Central Taiwan Science Park phase III have began earlier this year and is expected to be completed in February 2015. Production for large gantry, five-sided and five-axis machining center will start right away, and the annual output could reach NT$ 10 billion.

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