Goodway Machine Holds NT$1.5 B. in Orders

Taipei, Jan. 19, 2012 (CENS)--Seemingly defying the European sovereign debt crisis and China's credit-tightening policy, Goodway Machine Corp., a listed, leading manufacturer of CNC (computerized numerically controlled) machine tools in Taiwan, saw monthly sales hit a historic high of NT$343 million in December 2011, up 34% year-on-year, with NT$1.5 billion to be delivered orders that will drive sales up 30% in 2012.

In contrast to slowing orders received by domestic peers in the second half of 2011, Goodway posted a 35% year-on-year growth in sales.

Goodway president Edward Yang noted many domestic machine-tool manufacturers saw sharp decline in sales in the second half of 2011 due to over-reliance on China where the economy slowed in the wake of credit-tightening. But Goodway has successfully diversified export markets to focus on the U.S. and Japan, with NT$700 million in sales to the U.S. and Latin America in 2011.

Yang said his company is shipping higher volumes of high-tier machine tools to European market, from where orders for such tools have been received to keep production lines busy till the end of February, with European orders to generate exponential growths in earnings and sales this year.

Goodway claimed to have become the largest domestic machine-tool firm to sell to the critical Japanese market, with Yang boasting high earnings from such sales.

Goodway general manager F.C. Hsu noted his company has received positive response in France, Germany, the U.S., China and Turkey from the launch of new machine tools as large-sized CNC lathes and Swiss-type lathes in 2011.