cens logo

Excetek Technologies to Diversify Into 3D Printing Equipment

Apr 23, 2015 | By CENS

Compiled By KEN LIU

Excetek Technologies Co., Ltd., a well-known manufacturer of computer numerical control (CNC) wire cutting machines in Taiwan established in 2006, has decided to diversify into the manufacturing of metal-additive manufacturing equipment, or 3D printing equipment, in the wake of considerable media coverage that has brought to light vast applications of such technology, which is especially practical for small makers in prototyping without having to invest in costly tooling.

The company will develop and build the machines at a 7,590-sq-meter manufacturing site that was recently unveiled in Taichung, central Taiwan, where wire cutting machines will also be made.

The new plant, also housing the corporate headquarters, is designed to generate revenue up to NT$1 billion (US$32.25 million) a year by 2018 with investment of around NT$300 million (US$9.67 million), when the company also plans to float stocks on the island's over-the-counter market.

Fund-raising in 2014
In March 2014, Excetek made initial public offering (IPO) on Taiwan's Go Incubation Board for Startup and Acceleration Firm (GISA), the capital-raising platform for small-cap companies with creative ideas.

Excetek was founded in 2006 with paid-in capital of NT$121 million (US$3.90 million), with the machine-tool maker Yeong Chin Machinery Industries Co., Ltd. holding a controlling 35 percent stake.

Excetek specializes in CNC wire-cutting machines, CNC electric discharge machines (EDMs), and small-hole drilling EDMs for making molds or tooling, with CNC wire-cutting machines accounting for as much as 80 percent of the company's sales, EDMs 10 percent and small-hole drilling EDMs 10 percent.

The company's machines are now available in 30 countries under its own “EXCELTEK” brand, with about 50 percent of shipments going to the United States and Europe, 30 percent to mainland China, and 20 percent to Asia ex-mainland China.

Among the company's prominent customers are the printer maker Epson America Inc., the household-appliance maker LG Corp., the aircraft repairer Evergreen Aviation Technology Corp. and the contract-electronic manufacturer Hon Hai Precision Industry Co., Ltd.

Last year, it generated consolidated revenue of NT$370 million (US$11.93 million), contracting around 12 percent from a year earlier and yielding after-tax net income of NT$2.09 per share.

Revenue to rise 25 percent 
Industry executives project corporate revenue to rise 25 percent or so year on year, to NT$460 million (US$14.83 million) by the end of this year, based on optimistic outlook foreseen by chairman, R.C. Chang, who says production capacity has been booked earlier than planned in the first quarter and orders are being taken for the second quarter.

The chairman ascribes the impressive orders mostly to the rising demand for automotive and household-appliance molds driven by steady  increase in demand for cars and electronics products worldwide.

Chang concedes that Japanese, European and American manufacturers have long dominated the global market for wire-cutting machines, which involve precision technology and advanced know-how, but his company has managed to break into the market and build a name. He also ascribes the company's success in the market mostly to three factors: having complete range of product, capability in building tailor-made heavy-duty machines, and linear motor-driven machines.

The smallest machine it builds is one with 350mm spindle traverse along X axis and the biggest with 3,200mm, versus most of the company's competitors suppling machines ranging from 350mm to 1,500mm. The company's biggest machines come with 1,000mm in Z axis travel, compared with 600mm supplied by the company's competitors.

Award winner
Excetek has proven its capability in making tailor-made heavy-duty machine with the R2000 wire-cutting machine for processing turbine-engine blades, which won the Taiwan Excellence Awards in 2013 for superior processing performance.

The maker also won the Taiwan Excellence Award last year for its linear-motor-driven machine, which boasts plus-and-minus 2 micron in tolerance.

Chang stresses that wire-cutting machine calls for integration of mechanical, electronic, electrical technologies and software, in which his company has specialists with 10-some years of experience.

He says the company invests significantly in R&D of key components every year, hence enabling the maker to turn out machines that are qualitatively equivalent to those from globally big-name suppliers in functionality and processing capacity.

Investing sizably has paid off in the form of the smart remote-monitoring software for wire-cutting machines, the world's biggest combo-type wire-cutting machine V3280, and the V500GL linear- motor-driven wire-cutting machine not to mention the R2000.

Besides investing in R&D, the maker also, three years ago, deployed a program to boost production efficiency while cutting costs.


Industry In-Focus

Latest Chinese-U.S. Trade Talks Mark Chance of Higher-Level Meetings and Ease Market Tensions</h2>

Latest Chinese-U.S. Trade Talks Mark Chance of Higher-Level Meetings and Ease Market Tensions

Jan 14, 2019

The world waited with bated breath as Chinese and U.S. representatives met during this week to deliberate over whether the trade war would finally come to a reasonable conclusion. Throughout the entirety of the trade war early last year, from escalation to the tentative 90-day truce borne from the G20 Summit in Argentina between President Xi Jinping and U.S. counterpart President Donald Trump...


Taiwan Firms Kicks off 2019 at ArabPlast </h2>

Taiwan Firms Kicks off 2019 at ArabPlast

Jan 10, 2019

The biannual ArabPlast 2019 is marked as the most indicative benchmark as the largest trade expo for plastics, petrochemicals and rubber industry in the MENA region. The show kicked off on Jan. 5, attracting 336 exhibitors from 27 countries. Taiwanese exhibitors also attended, led by Taiwan Association of Machinery Industry in a 34-member strong delegation, a size just shy of China and India. ...


ARTC Teams Up With 18 Companies to Form Self-Driving Vehicle Union</h2>

ARTC Teams Up With 18 Companies to Form Self-Driving Vehicle Union

Dec 28, 2018

November 20 marks a huge milestone in Taiwan’s self-driving industry. The Automotive Research & Testing Center (ARTC) joined hands with 18 brands, including Acer ITS Inc., Global UniTek, Shin Wei Automotive Industrial and others of Taiwan’s top-to-bottom industrial chain to form the Autonomous Vehicle Industry Alliance. Their overall aim is to shore up support for a new, innovative operation m...



Industry Reports

Latest Chinese-U.S. Trade Talks Mark Chance of Higher-Level Meetings and Ease Market Tensions</h2>

Latest Chinese-U.S. Trade Talks Mark Chance of Higher-Level Meetings and Ease Market Tensions

Jan 14, 2019

The world waited with bated breath as Chinese and U.S. representatives met during this week to deliberate over whether the trade war would finally come to a reasonable conclusion. Throughout the entirety of the trade war early last year, from escalation to the tentative 90-day truce borne from the G20 Summit in Argentina between President Xi Jinping and U.S. counterpart President Donald Trump...


ARTC Teams Up With 18 Companies to Form Self-Driving Vehicle Union</h2>

ARTC Teams Up With 18 Companies to Form Self-Driving Vehicle Union

Dec 28, 2018

November 20 marks a huge milestone in Taiwan’s self-driving industry. The Automotive Research & Testing Center (ARTC) joined hands with 18 brands, including Acer ITS Inc., Global UniTek, Shin Wei Automotive Industrial and others of Taiwan’s top-to-bottom industrial chain to form the Autonomous Vehicle Industry Alliance. Their overall aim is to shore up support for a new, innovative operation m...


An Alliance Between Ford and VW Could be Announced as Early as Next Year</h2>

An Alliance Between Ford and VW Could be Announced as Early as Next Year

Dec 11, 2018

There is news of a far-reaching alliance between Ford Motor and Volkswagen, according to those familiar to the matter, reported CNBC. The two world’s largest automakers plan to announce the alliance next January, a partnership that would encompass sharing assembly plants in the U.S. to avoid new the wave of tariffs, joint marketing and distribution as well as product development, possibly on t...



Supplier News

Antrc Industrial Corp. offers bumpers, parts, decoration strips, skid plates, radiator, radiator grill, headlights and rear lights and will be exhibiting at Automechanika Shanghai to tap into the Asian markets. (photo courtesy of Antrc Industrial Corp.)

Antrc Industrial Corp. Aims for High-End Auto Parts Industry for Asian Markets

Dec 05, 2018

Antrc Industrial Corp. focuses on manufacturing plastic parts, metal parts and other automotive parts in the aftermarket industry. The firm can roll out parts and products that match with customers’ needs and the industry pulse in this changing and competitive market. Having deep roots in the AM industry, Antrc can deliver with its complete supply chain, from designing, molding making and finally...

ANTRC INDUSTRIAL CORP.


NHC and YangPo products satisfy demands for different automobiles. (photographed by Tseng Lung-nan)

Brake Maker Nan Hoang Rides on Biz Upswing to Offer More Clients the Best

Dec 04, 2018

For more than five decades, Nan Hoang Traffic Instrument Co., Ltd (NHC) has been one of the major manufacturers of specialty vehicle friction materials in Taiwan and around the world. Chairman Austin Cheng has been carrying out their “double-arrow developing plan” for this year. In one aspect, through its private label YangPo, NHC aims to adopt a more effective marketing strategy for selling own-...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.


Intime offers high-quality performance brake calipers. (photo courtesy of Intime)

Intime's Products Sought-after by Professionals Worldwide

Dec 04, 2018

Founded in 2013, Intime Auto Parts Co., Ltd., specializes in making performance brake calipers and performance shock absorber systems. Intime takes pride of its “n&b performance” series. The firm's n&b ceramic brake pads, which are made of low metallic NAO material, is capable of functioning without damaging the brake discs. Also notable is that the brake dust can be removed easily from the al...

INTIME AUTO PARTS CO., LTD.



Insiders' Views

Megvii Technology Founder and CEO Tang Wenbin

Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently ...

FOXCONN TECHNOLOGY


Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan</h2>

Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports</h2><p class='subtitle'>Industry veteran suggests Taiwanese suppliers establish market presence as priority</p>

MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...



Exhibition Highlights

Taiwan Firms Kicks off 2019 at ArabPlast </h2>

Taiwan Firms Kicks off 2019 at ArabPlast

Jan 10, 2019

The biannual ArabPlast 2019 is marked as the most indicative benchmark as the largest trade expo for plastics, petrochemicals and rubber industry in the MENA region. The show kicked off on Jan. 5, attracting 336 exhibitors from 27 countries. Taiwanese exhibitors also attended, led by Taiwan Association of Machinery Industry in a 34-member strong delegation, a size just shy of China and India. ...


2018 AAPEX Post-Show Report</h2>

2018 AAPEX Post-Show Report

Dec 24, 2018

The 2018 edition of Automotive Aftermarket Products Expo (AAPEX) kicked off from Oct. 30 to Nov. 1 at Sands Expo Center; a total of 6,269 exhibitors came from 43 countries/regions, a 4% growth compared to last year’s figures, using up over 5,000 booths. Organizers estimate that over 162,000 professional buyers from approximately 135 countries visited the largest show of its kind in the North Amer...


Source: show organizer

The 19th Fastener Trade Show Suzhou - China's leading one-stop purchasing platform for fasteners, machinery and supporting products

Dec 05, 2018

As a large international fastener specialized exhibition, the 19th Fastener Trade Show Suzhou will connect the upstream and downstream of fastener manufacturing industry. Focusing on end users and building a global fastener trade platform are the highlights of the show. The 17th Fastener Trade Show Suzhou, successfully held during 26-28 October 2017, was highly praised by exhibitors and visito...