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Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

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Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

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News from the Import Industry

March 03, 2010

Taiwan Machine-tool Makers to Raise Product Prices by 8% in April

Taipei, March 3, 2010 (CENS)--Seeing the price hike in such raw materials and key components as steel, cast iron and CNC (computerized numerically controlled) devices, Taiwan`s leading manufacturers of machine tools will raise selling prices of products starting April 1.

Taiwan`s leading manufacturers of machine tools, including Victor Taichung Machinery Works Co., Tongtai Machine & Tool Co., Kao Fong Machinery Co., will raise the selling prices by between 5% and 8%.

The global meltdown cut Taiwan`s machine-tool makers` sales last year by record drops. With the overall economy bottoming out in the fourth quarter of last year, many firms have raised selling prices to reflect higher material prices.

Before the lunar New Year break, Goodway Machine Corp. and its affiliate Awea Mechantronic Co. had already raised selling prices by 5%. Edward Yang, chairman of both Goodway and Awea, noted his companies have to hike the selling prices by at least 10% this time to offset higher production costs.

Other machine-tool manufacturers, including Chin Fong Machine Industrial Co. and Dah Lih Machinery Industry Co., have also resolved to raise selling prices beginning from April 1.

An industry insider noted the prices for raw materials have been continually rising over the past few days. For instance, the prices for steel plates have risen to NT$20 (US$0.625) from NT$16 (US$0.5) per kilogram; the prices for pig iron have jumped to NT$18 (US$0.56) from NT$12 (US$0.375); the prices for cast iron, rising to NT$38 (US$1.18) from NT$32 (US$1); and the prices for CNC devices have risen by 8%.

(by Ben Shen)

Source: CENS

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