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TIMTOS 2015 Proves Fruitful for Taiwan Machine Tool Makers

Mar 23, 2015 | By Ken Liu

TIMTOS 2015 proves fruitful for Taiwan's leading machine tool makers.TIMTOS 2015 proves fruitful for Taiwan's leading machine tool makers.

Taiwan's leading machine tool makers landed sizable orders during the Taipei International Machine Tool Show 2015 (TIMTOS 2015), held March 3-8 in Taiwan's capital city of Taipei, thanks to encouraging recovery in Europe due to its quantitative easing, lowered interest rate in China, and foreseeable steady growth in the American economy.

The Goodway Group landed US$15 million of orders mostly from Bulgarian, Italian, Spanish and Brazilian agents. Before the show, Goodway Machine Corp. already had NT$800-900 million (US$25.4-28.6 million) and its subsidiary, AWEA Mechantronic Co., Ltd., had NT$1.6-1.7 billion (US$51.61-54.83 million) of booked orders.

Goodway estimates its earnings for 2014 at NT$6.5-7 per share, compared with NT$3 or so projected for AWEA in the same year.

The Tongtai Group targeted to land around NT$1 billion (US$32.25 million) of orders at the show. It already had over NT$2 billion (US$64.51 million) of undelivered orders before the show, which will keep the company's production lines humming at least until June or July this year.

Tongtai estimates its earnings for 2014 at approximately NT$2.7 per share on revenue of NT$9.1 billion (US$293.54 million).

Falcon Machine Tool Co., Ltd., the owner of the Chevalier brand, secured more than NT$300 million (US$9.67 million) of orders during the show and estimated follow-up orders to swell the number to NT$450 million (US$14.51 million).

Before the show, the company already had some NT$400 million (US$12.90 million) of undelivered orders, including around NT$40 million (US$1.29 million) of orders for computer numerical control (CNC) grinding machines from mainland China's manufacturers of vehicle engine rotaries and NT$40 million plus orders from mainland China's manufacturers for a total of 16 horizontal lathes and machining centers. These orders will keep the company busy until this July.

Industry executives put Falcon's combined revenue for 2015 at NT$3 billion (US$96.77 million).

Shieh Yih Machinery Co., Ltd. executives say the company received NT$200-300 million (US$6.45-9.67 million) of orders only halfway through the trade show. Before the show, the company had NT$2 billion (US$64.51 million) of orders, including the orders from carmakers and household-appliance makers to be delivered from the second quarter through the final quarter this year.

Industry executives believe the company's revenue for this year to likely hit NT$5 billion (161.29 million).

Hiwin Technologies Corp., reportedly Taiwan's No.1 maker of ballscrews and linear guideways, says it has received increased orders for its ballscrews, linear guideways and industrial robots since the first quarter of last year due to economic recovery. The company's consolidated revenue for the first two months of this year amounted to NT$2.31 billion (US$74.67 million), up 20.01 percent year on year, prompting industry executives to forecast the company's consolidated revenue for 2015 to likely to increase 10 percent year on year to top NT$16 billion (US$51.61 million).
(KL)

Stock code
Company
Revenue
YoY Change (%)
1530
AWEA
NT$225M
0.94
1540
Roundtop
NT$114M
52.70
1583
Goodway
NT$472M
8.50
2049
Hiwin
NT$1.3bn
24.98
4510
Kao Fong
NT$183M
11.74
4513
Falcon
NT$155M
-10.66
4526
Tongtai
NT$731M
26.55
4533
Shieh Yih
NT$136M
-56.79
6609
Taiwan Takisawa
NT$239M
-2.31
Source: Market Observation Post System, Taiwan Stock Exchange


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