By: Zandile Mavuso
Creamer Media Senior Staff Writer
Fostering skills development will be key in achieving Taiwan-based machine tools company Yinsh Precision Industrial Company’s vision to expand its business to more European countries and explore the possibility of doing business in Africa.
As much as the production of industry locknuts and precision machine track scrapers – which are used in various industries – service companies worldwide, there is a need to develop skills for the market to continue servicing these industries with such products, says Yinsh vice GM Jack Wu.
He adds that, as a result, the company continues to run skills development programmes as part of its social responsibility initiative, for artisans and engineers to work in their factory and for master’s and doctorate candidates to join its research and development (R&D) department.
“We have a partnership with the Senior Industrial Vocational School of the National Changhua University of Education here in Taiwan, where we provide scholarships for hard-working students who are underprivileged and have the desire to study.”
Wu notes that the students are offered internships at the factory after they complete their studies, where they can use their knowledge to add value to the company and gain work experience.
Moreover, he points out that the students working in the company’s R&D department have the opportunity to use any work they have produced from their experience when writing academic papers, which are often published in journals.
The scholarships are not limited to Taiwanese students only, with an intern from Burkina Faso, West Africa, working in the company’s R&D department since the beginning of this year, Wu explains.
“It is great for us to provide even foreign students with the opportunity to learn from the way we do business in Taiwan so that they can go back to their countries and change these industries with the knowledge they have acquired here. Should they not go back home, we are happy for them to work here and help us infiltrate the market in the regions [of their home country] to expand our footprint,” he explains.
Wu also indicates that, while planning to expand the company’s market beyond Asia, foreign students will enable the company to understand the needs of countries in Africa and Europe so that it can meet their market requirements efficiently.
He adds that currently “ . . . we find it hard to get into these markets because of the limited knowledge we have of them”.
• Zandile Mavuso was at a media tour in Taiwan from June 29 to July 3 as a guest of the Taiwan External Trade Development Council
Edited by: Martin Zhuwakinyu
Creamer Media Senior Deputy Editor