Taiwan Machine-tool Firms' Sales Soar in H1
2010/07/20 | By Ben ShenTaipei, July 20, 2010 (CENS)--The recovering economy has helped to boost sales at Taiwan's leading machine tool makers in the first half of 2010, with production lines filled throughout the third quarter to spell bright outlook in the fourth quarter.
Taiwan Takisawa Technology Co. enjoyed the highest year-on-year growth of 225% in sales in the first half, followed by Kao Fong Machinery Co. with 183% and Hiwin Technologies Corp. with 165%.
Taiwan Takisawa's June sales totaled NT$309 million, up a whopping 431.38% year-on-year, with cumulative sales of NT$1.269 billion in the first half. The company claims to have order visibility till the end of October, with institutional investors predicting Taiwan Takisawa's after-tax earnings per-share to exceed NT$3 this year.
A linear-motion technology developer, Hiwin's first-half sales totaled NT$3.317 billion, up 165% year-on-year. Its new plant, inaugurated in July in Yunlin Technology Park, has helped the company to ease production strains, while corporate monthly sales is expected to hit a historic-high of NT$700 million in August.
Kao Fong registered NT$606 million in the first-half sales, up 183.16% year-on-year.
Specialized in double-column machining centers, Awea Mechantronic Co.'s first-half sales totaled NT$1.115 billion, up an annual 131%, as well as claiming to hold NT$1.5 billion in orders. Goodway Machine Corp., focusing on CNC (computerized numerically controlled) lathes, had cumulative sales of NT$846 million in the first half, up 149% year-on-year. Holding NT$400 million in orders, the company is expected to achieve pre-meltdown level performance by landing NT$200 million in second-half monthly sales.
Tongtai Machine & Tool Co.'s first-half sales totaled NT$2.792 billion, up 127.63% year-on-year. Booming sales of high-margin machines as PCB (printed circuit board) drilling machines will help the company to post robust second-half sales.