Falcon to Introduce Multi-tasking Lathe Later This Year
2008/06/30 | By Ben ShenTaipei, June 30, 2008 (CENS)--Falcon (Chevalier) Machine Tools Co., one of Taiwan's listed manufacturers of CNC (computerized numerically controlled) machine tools, will introduce sometime in the forth quarter a new model-a large multi-tasking vertical lathe.
This new lathe is under development with the technical transfer from a Japanese partner.
Chang Pao-ming, president of Falcon, said the developing this new, multi-tasking vertical lathe would help meeting the fast-growing demand for machine tools in aerospace, energy and petrochemical sectors.
Over the past year, Falcon has made significant improvements in developing column-moving grinding machines, milling machines, large-sized horizontal CNC boring and milling machines, and vertical lathes. Chang said his company aims to develop more high-value-added products.
Due to focusing on high-value-added products, the company predicted it would see marked sales growths in emerging markets as Russia, Turkey, India, Vietnam, Mexico, and Brazil this year.
Falcon registered NT$181 million (US$5.97 million at US$1:NT$30.3) in pretax earnings last year, representing a year-on-year growth of 30%. The company said it posted NT$2.57 (US$0.08) in after-tax earnings per share last year. The company's board of directors recently approved distributing NT$1.6 (US$0.05) cash dividend per share this year.