Awea and Goodway to See Machine-tool Revenues Surge This Year
2012/06/22 | By Steve ChuangTaipei, June 22, 2012 (CENS)--Driven by new capacity at their jointly established factory in China along with influx of orders from the second half, Awea Mechantronic Co., Ltd. and Goodway Machine Corp., both Taiwan-based, large suppliers of machining centers, will see revenue surge this year, according to institutional investors.
Edward Yang, chairman of both Awea and Goodway, indicated that the factory, spread over 30,000 square meters in Jiangsu Province, eastern China, is scheduled to come online early September, with the two machinery makers investing US$8 million initially. Yang continued that this factory is set to turn out double column machining centers, CNC (computer numerically controlled) milling and lathes and vertical machining centers, with annual output of an estimated NT$1 billion to drive growth for both the companies.
Meanwhile, overwhelming orders also give institutional investors good reason to believe the two companies will see an auspicious 2012. So far, Awea and Goodway have NT$1.7 billion and NT$1 billion, respectively, of orders, with production lines booked throughout the fourth quarter.
Yang stressed that efforts on market diversification have paid off in the form of significantly increasing orders, 15% of which from Europe and 25% from China, with the remainder mostly from North America and Southeast Asia.
Awea posted NT$1.306 billion in sales for the first five months, up 15.28% YoY, and is likely to challenge single-month revenue exceeding NT$400 million in June due mainly to shipping of delayed orders. Institutional investors predict the firm to score a 20% YoY surge in annual revenue in 2012.
Goodway finished the first five months with revenue of NT$1.249 billion, up 47.16% YoY, and is predicted to see full-year revenue shoot up 35% YoY.
Operating Performance by Awea and Goodway | |||||
Company | Sales Revenue for 2011 | Earnings per Share for 2011 | Jan.-May Revenue in 2012 | Year-on-year Growth Rate | Forecast Growth in 2012 Revenue |
Awea Mechantronic Co., Ltd. | NT$3.208 B. | NT$2.80 | NT$1.306 B. | 15.28% | 20% |
Goodway Machine Corp. | NT$2.586 B. | NT$5.04 | NT$1.249 B. | 47.16% | 30% |