Site menu:

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.

Contact info:
Tracy A. Lee

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

Firstex Industries
has expertise in these areas:

Product Links

News from the Import Industry

November 30 2011

Exports of Taiwan’s Machinery Sector to Hit US$20 B. in 2011

Despite the uncertain global economy battered by the European debt crisis, high American unemployment, the Taiwan Association of Machinery Industry (TAMI) predicts machinery exports from Taiwan to hit a new high of over US$20 billion in 2011.

Although many European firms are sidelining investments due to the sovereign debt crisis in some European nations, Taiwan’s manufacturers of general machinery, machine tools and components can still garner orders worldwide based on their capacity to supply products with high performance-to-price ratios.

But manufacturers of machining centers and plastics injection molding machines have delayed shipments as requested by domestic customers from the consumer electronics and semiconductor sectors, who are impacted by plummeting orders from big American retailers as Wal-Mart and K-Mart, which are fortunately somewhat offset by increased orders from China.

An industry insider says many machine-tool firms, including Tongtai Machine & Tool Co., Hiwin Technologies Corp., Victor Taichung Machinery Works Co., Fu Chun Shin Machinery Manufacture Co., Awea Mechantronic Co., Goodway Machine Corp., Falcon Machine Tools Co. and Yeong Chin Machinery Industries Co., have orders backlogged throughout the end of this year, without even taking into account the rush orders from Japanese and Taiwanese firms in Thailand whose plants are heavily damaged by floods.

Record Production
TAMI estimates Taiwan’s machinery industry will see monthly exports reach between US$1.7 billion and US$1.8 billion in November and December, pushing overall exports to exceed US$20 billion this year, with the overall production value to challenge the historic high of US$30 billion this year.

According to customs-cleared statistics compiled by the TAMI, Taiwan exported US$14.205 billion of machinery in the first eight months, up 29.5% year-on-year.

The category of machine tools led in export value totaling US$2.626 billion in the first eight months, up 42.7% from a year earlier; plastic and rubber processing machinery trails in second place with US$912.461 million, up 20.4%; and special-purpose machines was in third place with US$891.459 million, up 23.6%.

China and Hong Kong led as the largest export outlet by absorbing US$5.008 billion of machinery in the first eight months, up 34.2% year-on-year to account for 35.3% of the total exports. The U.S. trailed in second place with US$2.001 billion, up 23% and commanding 14.1%. Japan was in third place with US$792.87 million, up 37.2% and commanding 5.6%.

Imports Also Up
The TAMI’s tallies also show Taiwan imported US$18.241 billion of machinery in the first eight months, up 7.3% from a year earlier.

The leading import category was machinery for IC and semiconductors with value hitting US$8.09 billion in the first eight months, down 1.7% year-on-year to account for 44.4% of the total imports. The second place was special-purpose machines with US$964.18 million, down 33.2% and commanding 5.3%. Pumps, compressors and fans stood at third place with US$960.5 million, up 21.5% and accounting for 5.3%.

TAMI noted the imported machines are mainly employed by high-tech industries as optoelectronics, communications, information technology and semiconductors.

Japan led as the biggest supplier by selling US$6.464 billion of machines to Taiwan in the first eight months, down 5.5% year-on-year to account for 35.5% of the total imports. The U.S. trailed in second with US$3.535 billion, down 5.5% and commanding 19.4%. China and Hong Kong stood in third place with US$1.744 billion, up 13.1% and accounting for 9.6%.

ECFA Sharpens Edge
TAMI president C.C. Wang said domestic manufacturers of machinery are able to sharpen competitiveness in China due to the cross-Taiwan Strait economic cooperation framework agreement (ECFA), which avails over 100 Taiwan-made machinery items to gradual duty reductions.

Despite the benefit from the ECFA, many domestic machinery manufacturers still worry about the appreciation of the local currency against the greenback and the free trade agreement (FTA) between South Korea and the European Union, which went into effect in July 2011 to tilt the playing field in the EU towards South Korean makers. Moreover, the FTA between South Korea and the U.S., expected to become effective in January 2012, will affect domestic machinery manufacturers’ competitiveness in the U.S., especially when South Korea is widely seen as Taiwan’s archrival in the global machinery segment.

Nevertheless, the TAMI predicts Taiwan’s machinery industry to post export growth of 26% year-on-year in the first 10 months, based on the fact that many suppliers have orders backlogged throughout this year, with orders to rise in the first quarter of 2012, and exports to grow between 20% and 25% year-on-year to over US$20 billion in 2011.

(by Ben Shen) 2011/11/23

http://cens.com/cens/html/en/news/news_inner_38464.html

[ Back to top ]

Home | Expertise | Inventory | What | Why | Procurement | FAQ | Contact Us | Product Album | Links | News | Site Map

Valid XHTML 1.0 Strict Copyright © 2006 Firstex Industries | Webmaster:Kevin Grey Lee