February 05, 2010
Taipei, Feb. 4, 2010 (CENS)--Despite lingering amid the global recovery, Taiwan`s leading manufacturers of plastics and rubber processing machinery have seen production equipment utilization rates return virtually to peak levels after bottoming out earlier.
Such leading manufacturers include Victor Taichung Machinery Works Co., Multiplas Enginery Co., Chen Hsong Machinery Taiwan Co., Fu Chun Shin Machinery Manufacture Co., Diing Kuen Plastic Machinery Co. and Venus Plastic Machinery Co., with many claiming full capacity utilization and others recruiting more workers.
Since the fourth quarter of 2008 renowned plastics shows in Vietnam, Pakistan and India have scaled down or ended due to plummeting exhibitors and visitors.
In contrast the 2010 Taipei International Plastics & Rubber Industry Show (2010 TaipeiPlas), co-organized by the government-backed Taiwan External Trade Development Council (TAITRA) and Taiwan Association of Machinery Industry (TAMI), has seen its scale reach 85% of pre-meltdown level. According to statistics compiled by the TAITRA, so far 410 exhibitors have booked 2,100 booths for the 2010 TaipeiPlas, slated for March 5-9 at the Taipei World Trade Center Nangang Exhibition Hall.
Multiplas president Y.C. Hu said his company was lightly impacted by the meltdown as his company saw a 30% year-on-year decline in sales with small profits in 2008. The company claimed it has seen influx of orders from China, India and Southeast Asia over the past few months, estimating some NT$100 million in orders has been received in January alone, almost reaching pre-meltdown level.
Major supplier Victor Taichung said it has recently received big-orders for plastics injection-molding machines from China for making frames of large-sized LCD (liquid crystal display) TVs.
(by Ben Shen)
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