cens logo

Shin Foong Poised to Become World's No.6 Supplier of NBR Gloves

Aug 08, 2017 | By Alan Lu

Shin Foong Specialty and Applied Materials Co., Ltd, now the world's 7th biggest nitrile-butadiene rubber (NBR) manufacturer headquartered in Koahsiung City, southern Taiwan, aims to get to the No.6 slot through expanding productivity by 30%.

Leveraging the know-how from the Japan-based Mitsui Chemicals, Inc, Shin Foong was dedicated during its early years to manufacturing and supplying styrene-butadiene rubber (SBR) under its “POLYLAC” brand, which was widely adopted by domestic corporations.

However, the moderate domestic economic prospects and grand migrations of Taiwanese enterprises to China during the 90s forced Shin Foong to commerce its first business transformation into NBR.

As market demand for NBR showed great potential with a compound annual growth rate of at least 25% then, Chiu Hisn Ying, chairperson of Shin Foong, hence decided to led his company to carry out various R&D programs for NBR and to tap the market for medical gloves. The firm also established a new plant in Pingtung, southern Taiwan, in 2009, when undersupply situations of NBR were an issue.

In 2010, South Korea's NBR products swiftly emerged in the global market as Korean suppliers generally undersold their rivals with 20-30% lower prices. In the face of the encroachment by those competitors on its markets, Shin Foong saw its orders drastically shrink by around 30%.

Undaunted by the overwhelming threat, Shin Foong insistently put its emphasis on quality, instead of cutting its product prices, and, with the effort paying off, effectively retrieved the lost orders before long.

Shin Foong has now become a major material supplier to many influential companies such as Top Glove, Corning, UMC, and Nipro.

As the world's 7th biggest NBR manufacturer by now, Shin Foong last year produced 80,000 tons of NBR, accounting for 6% of the global market.

Even though its full manufacturing cycle includes more unique processes and therefore takes longer than its peers' to complete, Shin Foong, who scored gross profit rate of as high as 32.3% and 31.7% in the past few years, still beats the market by its high quality products and reasonable price.

Targeting the demands in the developing countries, Shin Foong, plans to explore the Southeast Asian market and to become world's sixth-largest NBR provider though increasing its annual production capacity to 120,000 tons.

Hsu Chih Min, Shin Foong's director, said that the company will eye the future growing demand for NBR gloves.

Shin Foong is going to boost productivity of NBR gloves at its four factories in Malaysia this year and next year by 13% and 15%, respectively, in response to persistently strong market demand for NBR gloves all around the world, which is expected to gain steam partly from the decision by FDA (Food and Drug Administration) of the U.S. to ban all medical gloves made of natural latex rubber in consideration that such material that contains protein has been ascertained as a major cause to allergy.

Hsu Chih Min, the director of Shin Foong. (photographed by Popper Kao)Hsu Chih Min, the director of Shin Foong. (photographed by Popper Kao)


Industry Reports

Bosch Sees global Production Down 20% in 2020</h2>

Bosch Sees global Production Down 20% in 2020

Apr 30, 2020

Robert Bosch said it expects automotive production to fall by at least 20 percent this year, as the coronavirus pandemic slams the brakes on factory production lines and saps demand. "We are bracing ourselves for a global recession that will also have a considerable impact on our own performance in 2020," Bosch CFO Stefan Asenkerschbaumer said in a statement on Wednesday. "Given the many im...


South Korea March Output Surges as China Factory Shutdowns</h2>

South Korea March Output Surges as China Factory Shutdowns

Apr 30, 2020

South Korea’s March factory output jumped by the most in 11 years as demand for display panels and cars received an unexpected boost from lengthy shutdowns in competing Chinese factories amid the coronavirus pandemic. Industrial output surged by a seasonally adjusted 4.6% in March from a month earlier, government data showed on Wednesday, marking the biggest expansion since a 7.3% jump in Febr...


Minister of Economy: Deglobalization is a Must</h2>

Minister of Economy: Deglobalization is a Must

Apr 29, 2020

Minister of Economy Shen Rongjin pointed out yesterday (28) that from the US-China trade war to the spread of the new crown pneumonia epidemic, the "de-globalization" of manufacturing is now a key issue for companies. In addition to the use of Industry 4.0 Internet of Things remote control machines , And also readjust the global stronghold. He also said that companies including information and c...



Industry In-Focus

South Korea March Output Surges as China Factory Shutdowns</h2>

South Korea March Output Surges as China Factory Shutdowns

Apr 30, 2020

South Korea’s March factory output jumped by the most in 11 years as demand for display panels and cars received an unexpected boost from lengthy shutdowns in competing Chinese factories amid the coronavirus pandemic. Industrial output surged by a seasonally adjusted 4.6% in March from a month earlier, government data showed on Wednesday, marking the biggest expansion since a 7.3% jump in Febr...


Minister of Economy: Deglobalization is a Must</h2>

Minister of Economy: Deglobalization is a Must

Apr 29, 2020

Minister of Economy Shen Rongjin pointed out yesterday (28) that from the US-China trade war to the spread of the new crown pneumonia epidemic, the "de-globalization" of manufacturing is now a key issue for companies. In addition to the use of Industry 4.0 Internet of Things remote control machines , And also readjust the global stronghold. He also said that companies including information and c...


Three Models of Taiwanese Businessmen Entering the Mainland Electric Vehicle Supply Three models of Taiwanese businessmen entering the mainland electric vehicle supply Chain</h2>

Three Models of Taiwanese Businessmen Entering the Mainland Electric Vehicle Supply Three models of Taiwanese businessmen entering the mainland electric vehicle supply Chain

Feb 04, 2020

China is the world's largest producer and seller of electric vehicles. In 2020, electric vehicle sales will look at 2 million units, driving the rapid growth of industries such as batteries, connected cars, autonomous driving and charging equipment. Although the Chinese electric vehicle market is dominated by domestic production and domestic sales, due to the current lack of technology and R & D ...



Supplier News

Ching Mars Corporation</h2><p class='subtitle'>Strobe lights, light bars and sirens, LED light bars, signal lights, warning lights and traffic batons</p>

Ching Mars Corporation

Strobe lights, light bars and sirens, LED light bars, signal lights, warning lights and traffic batons

Apr 08, 2020

Established in 1985, China Mars Corporation is a specialized maker of various strobe and warning lights for use in vehicles, with nearly 30 years of expertise to be well recognized by professionals all over the world Decades of focus on R&D and customer satisfaction has seen company build a solid ground in the global supply chain of auto strobe lights and served capably as a world-caliber OEM....

CHING MARS CORPORATION


YihFeng Industrial Co., Ltd.</h2><p class='subtitle'>Aluminum forging, die casting, CNC machining, auto parts, sporting good parts, etc.</p>

YihFeng Industrial Co., Ltd.

Aluminum forging, die casting, CNC machining, auto parts, sporting good parts, etc.

Apr 08, 2020

Founded in 1973, YihFeng Industrial Co., Ltd is a professional company specializing in aluminum forging, die-casting and computer numeric control (CNC) machining. The firm takes pride of its complete product lineup covering a large variety of auto parts, motorcycle parts, bicycle parts, 3C (computer, communication, and consumer electronics) parts, sporting-goods parts, among others. With ov...

YIH FENG INDUSTRIAL CO., LTD.


Yang San Enterprise Co., Ltd</h2><p class='subtitle'>power window switches, fuel tank sensors, vehicle speed sensor</p>

Yang San Enterprise Co., Ltd

power window switches, fuel tank sensors, vehicle speed sensor

Apr 08, 2020

Yang San Enterprise Co., Ltd. specializes in the development and production of various automotive switches, focusing on automotive power window switches. In response to buyers’ requirements and changes in the market, the firm has actively developed new products for automotive sensors and controllers, including fan control modules, speed sensors, fuel level sensors, etc. Products are suitable for ...

YANG SAN ENTERPRISE CO., LTD.



Insiders' Views

Caption: Pictured from front row, third right, Changhua County Government Economic Affairs Department Director Liu Yu-ping, County Magistrate Wang Huei-mei, Secretary Chen Bo-tsun pose in front of the exhibition booth. (Photo provided by CHCIA)

Changhua County Government Shores up Biz-Matching to Global Buyers

Nov 18, 2019

■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...


Paul Master offers high-quality chassis and engines parts for passenger cars, trucks, and industrial trucks. (Photo courtesy of Paul Master)

Paul Master Builds Reputation with Auto Chassis and Engine Parts

Nov 18, 2019

Founded in 1980, Paul Master Auto Parts Co. is headquartered in Taiwan, a professional manufacturer of chassis and engines parts for passenger cars, trucks, and industrial trucks including forklifts. General Manager Terry Liang said the company has its own professional design department, which provides customized products and specifications for global buyers, including automobile steering and...

PAUL MASTER AUTO PARTS CO.


Nan Hoang Traffic Instrument Co., Ltd.</h2><p class='subtitle'>Taiwan First brakes Technology Co., Ltd. </p>

Nan Hoang Traffic Instrument Co., Ltd.

Taiwan First brakes Technology Co., Ltd.

Sep 04, 2019

Nan 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...



Exhibition Highlights

Messe Frankfurt (Shanghai) Co Ltd

CAPAS defers to 2021

Apr 20, 2020

Following the Chinese Government’s initiatives to prevent and control the COVID-19 outbreak, the organisers of the Chengdu International Trade Fair for Automotive Parts and Aftermarket Services (CAPAS) have announced the defer of the show’s 2020 edition. The fair, originally scheduled from 21 to 23 May 2020, will now be held from 20 to 22 May 2021. In China, the State Council issued an announc...


Ushering in Metalworking Intelligence,  Unlocking Unprecedented Opportunities</h2>

Ushering in Metalworking Intelligence, Unlocking Unprecedented Opportunities

Apr 06, 2020

The digitization of metalworking industry is being accelerated by the advent of emerging and disruptive technologies which are to be the next era of global growth and innovation. At METALEX Vietnam 2020, industrialists will learn how they can enhance productivity and product value and how their factories could be transformed through metalworking intelligence by capturing, tracking, measuring, int...


ITES 2020: COVID-19 Manufacturing Exhibition Crisis Response</h2>

ITES 2020: COVID-19 Manufacturing Exhibition Crisis Response

Feb 25, 2020

Since increasingly severe COVID-19 epidemic spread out in past 30 days, China economy has been dampened. Greater global connectivity and supply chain dependency on China and reliance on Chinese consumption currently, without a doubt, COVID-19 triggers a greater economic fragility. Emergent Production Adjustment As the fight against the novel coronavirus outbreak intensifies, Chinese local a...