HIWIN to Profit From Japanese Procurement in Taiwan
Taipei, Nov. 6, 2008 (CENS)--To offset production costs amidst the global financial tsunami, top Japanese manufacturers of machine tools are rushing to purchase machinery components and parts in Taiwan, which is expected to benefit HIWIN Technology Corp., Taiwan`s leading manufacturer of linear-motion mechanical components.
Eric Y.T. Chuo, president of HIWIN, noted some leading machine-tool manufacturers of Japan, including Okuma Corp., OKKI Co. and Mitsubishi Corp., have kicked off joint work with HIWIN, which will help HIWIN`s subsidiary in Japan to score two billion Japanese yen (US$20 million) this year, up 25% year-on-year.
Chuo said domestic manufacturers of machinery components believed it`s very difficult to penetrate the most critical Japanese market due the Japanese distrust of foreign-made components.
To boost sales to Japan in 2009, HIWIN took part in the 2009 Japan International Machine Tool Fair at the end of September to compete with THK, Japan`s largest manufacturer of linear-motion mechanical components.
(by Ben Shen)