HIWIN Technologies to Be Listed on TWSE on June 26
Taipei, May 14, 2009 (CENS)--HIWIN Technologies Corp., Taiwan`s largest manufacturer of linear-motion devices, will on June 26 go public on the Taiwan Stock Exchange, being upgraded from the over-the-counter market.
Chairman Chuo said the newly developed household-use ball screw-type escalator is an eco-friendly product as it leaks no oil. Compared to typical steel escalator, the ball screw-type one features more energy saving with twice the load capacity.
The company is testing the newly developed escalator at its production sites island-wide. The company will apply for international certificates for the product by the end of this year.
HIWIN Technologies is now the world`s fourth-largest manufacturer of precision linear-motion devices with major products including ball screws, linear guideways and industrial robots, which are widely employed by the precision machine tools, optoelectronics, solar energy, semiconductor, environmental protection, energy-saving, industrial machinery and biotechnology sectors.
Product and sales channel diversifications enabled HIWIN Technologies to score NT$5.258 billion (US$159.33 million) in sales last year, up 13.29% from NT$4.641 billion (US$140.63 million). The company posted NT$3.98 (US$0.12) in after-tax earnings per share last year, making it one of the most profitable firms among its domestic peers.
(by Ben Shen)