Makers see promising recovery of export orders as the global economy is increasingly on the mendMar 24, 2014 | By Steve Chuang
By STEVE CHUANG
After a disappointing year in 2013 when Taiwanese machinery industry's overall exports dropped amid a sluggish global economy, most domestic extrusion machine manufacturers are generally seeing market demand recover this year, hence their more upbeat outlook.
According to the latest statistics released by Taiwan Association of Machinery Industry, the industry's overall exports for January-October 2013 totaled US$16.751 billion, diving 4.3% from US$17.495 billion during the same period of 2012. Of the total, exports of plastic and rubber processing machinery, including extruders, dropped 9.8% year-on-year to US$1.018 billion from US$1.129 billion and made up a 6.1% share as the second-largest product category.
In fact, slowdown in the plastic extrusion machine sector occurred during the third quarter of last year, a traditional high season, as insiders reported to CENS earlier that export orders received August-September had significantly shrunk for a couple of reasons, particularly global enterprises' lukewarm-to-gloomy view of economic prospects that forced them to slash investments in fixed assets. For 2013 the sector's overall exports have likely declined to some extent, perhaps not less than the above-mentioned drop for the January-October period.
Despite widespread downturn, some local suppliers of extrusion machine said they managed to stay buoyant last year, being increasingly optimistic about market outlook this year as the global economy is increasingly on the mend.
Among them is Jenn Chong Plastics Machinery Works Co., Ltd., whose general manager, Tony Wang, confirmed that the company is seeing promising recovery of export orders this year after scoring robust growth last year.
“With market demand recovering, our production capacity is booked throughout the middle of this year,” said Wang in an interview with CENS in early March. “One notable thing is that our company's shipment volume in the first two months of this year was almost unchanged compared to a year ago, but shipment value significantly shot up mostly thanks to optimized product mix.”
Wang indicated that Jenn Chong began by producing flat yarn making machines, plastic extruders and blown film extruders, and then tapped its know-how to expand into PP & PET strapping band extrusion machines, PP and HDPE monofilament extrusion machines to move up the segment of the global market to fend off underselling competitors from China.
Due to an optimized, broaden product mix, Wang proudly says, Jenn Chong could extend into other segments to keep growing throughout 2013, during which Taiwan's machinery industry remained depressed.
Wang mentioned that the strapping band extrusion line, dubbed JC-STP, has been the hottest seller so far this year, which is remarked for fully automated operation, high precision and high tensile strength of strapping bands. Additionally, Wang said, “The strapping band extrusion line also has high productivity, able to turn out 160 meters of band a minute, which few Taiwanese peers can match.”
|Cumulative Exports of Taiwan's Machinery Industry During Jan.-Oct., 2013|
|| Jan.-Oct., 2013
|| Value for Jan.-Oct., 2012
|| Year-on-Year Growth Rate
|| Contribution Rate
| Machine Tools
|| US$2.937 Bn.
|| US$3.596 Bn.
|| - 18.3%
| Plastics & Rubber Machinery
|| US$1.018 Bn.
|| US$1.129 Bn.
|| - 9.8%
| Pumps, Compressors, Fans
|| US$1.007 Bn.
|| US$996.620 M.
| Bearings, Gears, Ball Screws
|| US$999.307 M.
|| US$1.029 Bn.
|| - 2.9%
| Other Special Machinery
|| US$971.909 M.
|| US$1.028 Bn.
|| - 5.5%
| Valves & Parts
|| US$969.076 M.
|| US$972.005 M.
|| - 0.3%
| Paper Making, Printing Machinery
|| US$746.531 M.
|| US$751.377 M.
|| - 0.6%
| Parts & Components
|| US$656.362 M.
|| US$733.331 M.
| Textile Machinery
|| US$498.157 M.
|| US$473.670 M.
| Material Handing Equipment
|| US$453.250 M.
|| US$439.051 M.
| Food & Packaging Machinery
|| US$432.963 M.
|| US$413.212 M.
| Woodworking Machinery
|| US$421.755 M.
|| US$417.143 M.
| Sewing Machines, Leather & Shoes Making Machines
|| US$415.355 M.
|| US$396.521 M.
| Molds & Dies
||US$408.414 M>|| 2.4%
|| US$421.501 M.
|| - 3.1%
|| US$4.814 Bn.
|| US$4.696 Bn.
|| US$16.751 Bn.
|| US$17.495 Bn.
|| - 4.3%
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