Taipei, March 21, 2011 (CENS)--Teco Group, Taiwan's leading conglomerate of heavy electric machinery, is negotiating with Japanese dealers for shipping windpower generators to meet the increasing need for the products in the wake of the devastating earthquake hitting northeastern Japan on March 11.
Teco chairman C.K. Liu said installing windpower generating units will be faster than setting up a thermal power plant, and cooperation with Japanese concerns will help accelerate the installation speed.
With the recent acquisition of orders for five windpower generators to be installed at the Changhwa Coastal Industrial Park in central Taiwan, Teco has already received orders for 70 windpower generators. The company is projected to ship over 15 windpower generators in 2011.
To ramp up sales from the energy industry, Teco has resolved to issue Euro convertible bonds (ECBs) capped at US$200 million.
Liu firmly noted that Japan will consider increasing supply of renewable energy to cushion the impact of the massive earthquake which has destroyed 25% power-generating capacity in the northeastern region of Japan.
He believed it will take three to five years to complete reconstruction of a thermal power plant or a nuclear one. But it only needs a year and a half to install a windpower plant, including eight or nine months for windpower generator production plus a half year of installation and test running.
At present, the windpower generators that are operational in Japan are of small power with less than one million watts. In the wake of the devastating earthquake, Japan is expected to speed up the pace of establishing windpower facilities.
Teco is the most profitable listed firm in the category of heavy electric machinery on the Taiwan Stock Exchange. The company registered NT$45.042 billion in consolidated sales with after-tax earnings reaching NT$2.721 billion, or NT$13.8 per share, in 2010.
Teco currently focuses on two-million-watt windpower generators, the mainstay of the sector, each of which costs between NT$80 million and NT$100 million. The company estimated it would be able to register sales of over NT$2 billion from orders placed by Inner Mongolia this year.
Electrical terminal, wiring and connector maker K.S. Terminals Inc. expects order visibility to reach Q2, amid strong growth in the EV market as reported at its earnings call last week. The company is looking at two-digit growth for this year's goal, eying significant demand from green energy selections and automotive terminals and charging guns for electric vehicles, notably the latter. In the...
The Ministry of Economic Affairs said today that in February, the industrial production index was 117.49, with an annual increase of 10.01% due to easing supply chain disruptions and chip shortages. This marks the 25-month consecutive positive growth period, also the second-longest in history. The manufacturing index was 119.76, an annual increase of 10.16%, which set a new high for the same ...
If there's a keyword that can be used to summarize the past two years, it would be “digitalization.” Across different industries, companies and suppliers are seeking ways to tap into the post-COVID market, and the furniture sector is no different. Here are two trends we've identified that would and continue to shape the market in the coming year and more. Going Digital While the typical con...
Industries are focusing on new technologies for better environmental sustainability and to promote the overall protection and safety of consumers. The same is trending in Taiwan's hardware and plumbing sector. Companies and consumers are becoming more and more aware of the long-term impact of pollutive materials on natural resources, and as policies and regulations are changed in other crucial ma...
Japanese automotive brand Toyota's recent announcement of reducing production in March due to chip shortages is another setback for the company, as this would not be its first time scaling back capacity in the past two years. Earlier, Toyota had also announced that the chip shortages had slashed the group's production goals from April to June. However, Economic Daily News points out that Toyot...
Top automotive electronic suppliers and Taiwan's leading R&D center in autonomous technology and testing, Automotive Research and Testing Center (ARTC), collectively announced the formation of the “Automotive AI Imagery Chip and Smart Cockpit Display Module Industry Alliance" on March 18. Representatives from Elan Microelectronics, AU Optronics, Chimei Motor, China Motor, RAC Electric Vehicles...
Founded in 1981, Steel Mark is specialized in manufacturing locks and other related hardware. The company's product catalog includes padlocks, motorcycle and bike locks, deadbolt locks, digital door locks, door locks, rim and euro profile cylinders, and concerning hardware and parts. The company currently operates modern manufacturing facilities occupying 3,300 square meters with more than 40...
In the face of an ever-competitive global market and pressured by rising costs, Wire Master Industry believes the best chance of increasing its competitiveness is improving product quality and investing more into R&D. This allows Wire Master to be in a prime position to stake a good position in the market. Wire Master is looking to develop long-term partnerships with similar values and focus on p...
Since the founders' humble beginnings in the 1960s, traveling from his hometown in Chiayi County to urban Taipei City to learn a trade, he has dedicated the eventually-formed Kuang Shin Enterprise to providing quality products. Kuang Shin offers children's desks and chairs, computer chairs, furniture hardware, OA office chair and desks, connected chairs, display shelves, chair bases, and parts...
Taiwan First brakes Technology Co., Ltd.
Mar 04, 2021Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...
The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...
■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...
The 2022 Smart City and IoT exhibition kicked off on March 22, featuring top Taiwanese brands showcasing related applications in the sector. It is worth noting that in addition to 5G-related extension and other mainstream smart city applications, energy storage has become a highlight at this show, notably, TECO, Far EasTone, and Gogoro all have offered relative solutions. According to statisti...
With the 2022 Smart City Summit & Expo scheduled to kick off on Tuesday at the Nangang Exhibition Center Hall 2 from March 22 to March 25, and Kaohsiung Exhibition Center from March 24 to 26, exhibitors are quickly rolling out new products for this year, including TECO Group. In the past few years, TECO has exhibited at the show exhibiting the group's subsidiaries, concentrating on AI, IoT, n...
TIMTOS x TMTS 2022, the first international trade show and the first of its kind on the calendar, kicked off this Monday, with Taiwan Association of Machinery Industry (TAMI) Chairman Larry Wei pointing out that business orders generated from the mega show are expected to hit USD$$1.7 billion (NTD$47 billion). President Tsai said that in the face of the impacts caused by the pandemic, as well ...
