Surf Taiwan News, Browse the World »
Machine tool orders visible to year’s end
Taiwan News, Staff Writer
2014-08-11 11:46 AM

The machine tool industry is entering its traditional peak season in the latter half of the year. Major machinery and component manufacturers continued to perform well through the first seven months of the year. Coupled with the rebound of China’s Purchasing Managers’ Index (PMI) in July, full order load in Q3, and order visibility to the end of Q4, Hiwin Technologies (2049), Goodway Machine (1583), Shieh Yih Machinery (4533), and Tong-Tai Machine Tool (4526) are optimistic regarding the overall outlook for the year.

The Taiwan Association of Machinery Industry (TAMI) chairman Hsu Hsiu-tsang stated, economic recovery in the U.S. and Europe and the rebound of China’s PMI to the 51.7 standard has driven demand for industrial equipment in the automotive and motorcycle component, aerospace, energy, and rail sectors. Coupled with the popularity of smart automation, all major domestic machinery and component manufacturers posted good revenue performance in July.

Hiwin’s exceptional July performance stemmed primarily from growth in the main production lines of ball screws, linear guideways, and robotics.

Looking to the bottom half of the year, Hiwin chairman Eric Chuo revealed that robotics shipments cannot meet burgeoning demand and the company has a full load of orders on hand. The robotics department is expected to turn a small profit this year.

Goodway has approximately NT$2 billion worth of orders on hand with visibility stretching to Q4. Goodway chairman Yang De-hua stated, due to invigorated European and U.S. automotive and energy industries, Goodway has recently receive orders for two units of five meter two hundred ton large-scale lathes from European customers. Each unit is priced at over US$2 million and is primarily used to process energy equipment.

Shieh Yih stated, recently China’s automotive industry has been booming. Currently, the company maintains over NT$1.3 billion in orders on hand with visibility stretching to Q1 2015.

The steady growth of Tong-Tai sales in July was derived primarily from a rebounding automotive industry and a significant increase in PCB orders. Currently, the company has approximately NT$2.3 billion in orders on hand.

HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.