Taiwan’s machinery makers to top US$320 million in revenues

c6e86b3f-16ec-42b1-83cf-22d02457cf60

Taiwan, 6 February 2015 —— The machinery industry is the leader among Taiwan’s exports. Taichung is the heart of the machinery industry and pulsates with the vibrancy of Taiwan’s industry. This place also continues to prove to the world the significance of Taiwan’s machinery industry

It has been recently estimated that the output of Taiwan’s machinery industry may reach US$32 billion in 2015. Meanwhile, two machinery makers in Taiwan are hopeful that their consolidated revenues for the year will top the US$300 million mark.

The two makers, ‘Goodway’ and ‘TongTai’, may become two of the few companies in the machinery industry in Taiwan to achieve annual turnovers of US$320 million.

In terms of machine tools, the Taiwanese maker, Fair Friend Enterprise Group, had a consolidated revenue of US$1.4 billion in 2014. Meanwhile, precision parts and components maker Hiwin Technologies Corp registered US$477 million.

In 2014, CNC turning machine maker Goodway saw its total revenue grow 30 per cent to US$245 million. With nearly 40 years of experience, the company has been shipping over 1,500 units of CNC turning centres to over 30 countries every year. With demands still rising in the automotive industry, Goodway is well on its way to top the US$300 million revenue mark in 2015.

The consolidated revenue of the Tongtai group in 2014 was approximately US$286 million, which was an 18 per cent growth from the previous year. The product lines of the Tongtai group spans a wide field, including large size vertical lathes, large size cross-track type high speed five-axis machining centres, and small size high speed precision CNC lathes.

The Tongtai group also offers horizontal boring and milling machines and gantry type machining centres, all of which are in high demand will serve to drive the group’s growth momentum in the coming months.

e4033077-0ee0-43ec-a850-19d214dfc9c2_MA510整機

About the Taipei International Machine Tool show

Organised by TAITRA and TAMI, the Taipei International Machine Tool Show will be held from 3 to 8 March in Taipei this year. More than 1,100 exhibitors will display their latest products in TWTC Halls 1 and 3, the Expo Dome, and the Nangang Exhibition Hall.

Taiwantrade, together with Taiwan’s B2B portals will set up Taiwan Machinery e-Commerce Pavilion in Nangang Exhibition Hall this year. Visitors are welcome to visit the e-Commerce Pavilion for a free coffee and discover more suppliers from Taiwan.

In pavilion, visitors will also find out about the services offered by Taiwantrade, S&J Corporation, CENS, and TAMI.

Taiwantrade (taiwantrade.com.tw) is a leading B2B portal, where you can find over 90% of Taiwanese exporters’ info.

S&J (machinetools.net.tw) is a full-service B2B marketing firm that provides comprehensive machine tool information to buyers.

CENS.com, known to the global machinery industry for its Taiwan Machinery magazine, provides abundant online-to-offline (O2O) services.

TAMI (tami.org.tw) is Taiwan’s most established machinery manufacturers’ association. It has 2,600 member companies and serves as a coordinator in consolidating supply chains.

ca92d6b7-7b87-4be2-ac42-70b7942c0f81_SVL450Dallmax

About TaiwanTrade

Founded in 2002, Taiwantrade is the official trade portal of Taiwan. It is organised by the Bureau of Foreign Trade under the Ministry of Economic Affairs and implemented by the Taiwan External Trade Development Council (TAITRA), the nation’s largest nonprofit trade promotion organisation for more than 40 years.

With a network of more than 60 worldwide offices, Taiwantrade can help enterprises find quality products for their businesses. Taiwantrade’s wide range of services includes online marketing, trade matching, search engine, value-added information, and customised sourcing.

As a comprehensive trade promoting platform, Taiwantrade offers reliable, trustworthy and efficient services to entrepreneurs around the world.

[Source : UDN / TaiwanTrade]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s