These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
Taiwan Association of Machinery Industry (TAMI) announced today that the export value of machinery in November stood at USD$2.991 billion, an annual growth of 23.8% and marking a new monthly high. The association pointed out that despite the influence of the appreciation of the New Taiwan dollar, rising raw materials, and rising shipping costs this year, the growth momentum is still strong. It is...
Tong Yang, a leading manufacturer of automotive aftermarket plastic parts and components, has entered its peak season in terms of revenue. In November 2021, the company reported its self-consolidated revenue was at NTD$1.669 billion, an increase of 4% over the same period last year and a 6% growth over the previous month. In the first 11 months, the accumulated consolidated revenue of 16.684 b...
The new product development of IKKA-KY, a subsidiary of Abico Group, is reported to be focusing on electric vehicles. The company is currently developing the cooling system modules and will introduce the electrified systems into mid-level new car models, and it is expected to return to an optimistic growth track next year. The latest news came from IKKA-KY's corporate briefing at the Taiwan St...
As the newest highlighted COVID-19 variant of concern, Omicron has the European region and the U.S. on high alert. In response to potential worsened snags in the global ports, the media has reported Taiwan's top four major container carriers and shipping companies -- Evergreen Marine, Yangming, Wan Hai, and T.S. Lines -- pledging to do their best in prioritizing shipping space of domestic indust...
China Steel Chairman Weng Chao-dong said today that the bullish trend in the steel market would continue unimpeded and cited an optimistic outlook for next year. Due to other factors such as added costs from environmental issues, steel production, and shipping delays, the forwarded costs are expected to continue for another two years. The national steel maker's earning call was held on Wednesd...
The Statistics Department of the Ministry of Economic Affairs announced today (22) that the value of export orders in October closed at US$59.10 billion, a record high in the same month of the previous year, an annual increase of 14.6%, and marked a 20-month consecutive run. The department estimates that the value of export orders in November would be between USD$59 billion and USD$60.5 billio...
TECO, a major electric motor manufacturer, plans to replicate its manufacturing experience in the Indian market and enter the electric vehicle market in Turkey and Indonesia. TECO currently has orders for smart energy exceeding NT$10 billion, citing a lucrative opportunity in scaling up its operations in the EV industry. In response to the market's concerns regarding when TECO becomes profita...
The Taiwan Association of Machinery Industry (TAMI) announced on Tuesday that the export value of machinery and equipment in October amounted to US$27.163 billion, an annual increase of 28.8%; the value in Taiwan dollars was 762.187 billion yuan, a yearly increase of 21.4%, a record high for the same period in history. For ten consecutive months, exports of machinery and equipment have experience...
The global event representing the USD$477 billion global aftermarket (AM) auto parts industry, Automotive Aftermarket Products Expo (AAPEX) kicked off last week at Sands Expo and Caesars Forum in Las Vegas. Lasting through November 2 to November 4, the gathering would mark its first reopening in an in-person fashion after the COVID-19 pandemic swept the world in 2020, prompting the first-ever onl...
In an article first published in the Business Weekly, and through a media collaboration, republished in the Economic Daily News, an investor banker industry analyst attempted to break down why Taiwan tech giant Foxconn's Foxtron Vehicles business model will prove advantageous in the long run. On October 18, Foxconn Founder Terry Guo arrived at the product launch event behind the wheel of Foxtr...
