cens logo

Taiwan's Industrial Production Index Sees 9th Consecutive Month of Growth

Mar 08, 2018 | By CENS

Due to steady global economic growth as well as a comparatively low base last year, Taiwan's industrial production index and manufacturing industry index both have continued growing over the past months, suggesting that most of domestic industries are likely to finish 2018 with robust performance.

Taiwan's Ministry of Economic Affairs (MOEA) reported an industrial production index of 115.98 for this January, up 10.86 percent year on year (YoY) and representing the 9th consecutive month of growth.

Meanwhile, Taiwan's manufacturing industry index for the same month surged for the 21st consecutive month by 10.84 percent YoY to 117.45.

Also notable is that the industrial production index and manufacturing industry index reported earlier both reach all-time highs and show the biggest expansions since February, 2011 and March, 2017, respectively.

Separately, indexes for major non-manufacturing industries, namely mining and quarrying, electricity and gas, water supply, and construction for this January grew by 0.38 percent, 14.92 percent, 1.96 percent and 9.34 percent, respectively.

Fueled by broadening application of smart technology, market demands for wafer fabrication, integrated circuit (IC) assembly, IC carriers, and printed circuit boards (PCBs), have soared in recent years. In the scenario, the January index of Taiwan's electronic parts industry increased 10.28 percent YoY.

Driven by strong demands for automation and customized machine models, the machinery industry witnessed its January index jump by 20 percent YoY. The index of the computers, electronic and optical products industry mounted 12.74 percent. Indexes of the sector of electronic parts, like phone cases and computer cooling fans, also showed significant growth in the month.

Thanks mainly to price hikes of iron in the global market, the January index of the base metal industry rose 6.5 percent YoY. On increasing demands for aftermarket parts and car servicing, the index for the cars and auto parts industry witnessed a 17.25 percent YoY increase, while that for the chemical material industry edged up by 1.32 YoY since the global oil price continues to stay high.

news-photophoto provided by EDN.com


Industry Reports

Thriving Global Fastener Industry Lending Growth Steam to Taiwan Makers

Oct 30, 2018

The global fastener industry, whether in a developed or developing market, is thriving on the current economic upswing, robust demand from the downstream industry, and increasing infrastructure investments by countries. Taiwan Fastener Trading Association stated that the Taiwan fastener industry clusters offer comprehensive product lines, having become a major hub of fasteners that are highly ...


How valuable is repair and maintenance to China's automotive future? Automechanika Shanghai reports

Oct 30, 2018

Two of Automechanika Shanghai’s industry association partners have laid out the details behind why China’s relationship the automotive service sector is starting to turn the heads of the world’s most successful car producing regions. The China Auto Maintenance Equipment Industry Association (CAMEIA) and the China Automotive Maintenance and Repair Trade Association (CAMRA) have a combined 1,700 me...


GaN Semiconductor Specialist Exagan Forms Taiwan Subsidiary and Opens Sales and Applications Center in Taipei to Accelerate the Use of GaN in Charger and Server Markets

Oct 18, 2018

Grenoble, France – October 18, 2018 – Exagan, a leading innovator of gallium nitride (GaN) semiconductor technology enabling smaller and more efficient electrical converters, has established Exagan Taiwan Ltd. with a new sales and applications center in Taiwan – the company’s first step in its global market deployment – to accelerate the development and use of fast, intelligent GaN power solutio...



Industry In-Focus

Thriving Global Fastener Industry Lending Growth Steam to Taiwan Makers

Oct 30, 2018

The global fastener industry, whether in a developed or developing market, is thriving on the current economic upswing, robust demand from the downstream industry, and increasing infrastructure investments by countries. Taiwan Fastener Trading Association stated that the Taiwan fastener industry clusters offer comprehensive product lines, having become a major hub of fasteners that are highly ...


How valuable is repair and maintenance to China's automotive future? Automechanika Shanghai reports

Oct 30, 2018

Two of Automechanika Shanghai’s industry association partners have laid out the details behind why China’s relationship the automotive service sector is starting to turn the heads of the world’s most successful car producing regions. The China Auto Maintenance Equipment Industry Association (CAMEIA) and the China Automotive Maintenance and Repair Trade Association (CAMRA) have a combined 1,700 me...


GaN Semiconductor Specialist Exagan Forms Taiwan Subsidiary and Opens Sales and Applications Center in Taipei to Accelerate the Use of GaN in Charger and Server Markets

Oct 18, 2018

Grenoble, France – October 18, 2018 – Exagan, a leading innovator of gallium nitride (GaN) semiconductor technology enabling smaller and more efficient electrical converters, has established Exagan Taiwan Ltd. with a new sales and applications center in Taiwan – the company’s first step in its global market deployment – to accelerate the development and use of fast, intelligent GaN power solutio...



Supplier News

Quality is BLACKSMITH's insistence to satisfy your needs

Oct 31, 2018

Blacksmith Metal Co., Ltd. specializes in Steering System, Transmission System, Metal Forming & Processing, Forged Hardware Parts for over 20 years. BLACKSMITH was certified and qualified with IATF 16949 last year. BLACKSMITH maintains a “people-oriented, customer first and best quality” business philosophy. The company manufactures products with dedicated skill, while aiming to satisfy their...

BLACKSMITH METAL CO., LTD.


LC Fuel Tank Manufacture Firmly Sticks to Highest Quality Standards

Oct 31, 2018

LC Fuel Tank Manufacture Co. supplies professional fuel supply systems, such as fuel tanks, fuel filler tubes, fuel filler neck and straps, float units and engine oil pans for fuel supply systems. The company now boasts over 1,500 product items, with all their quality management winning ISO9001 international quality certification for North America and Europe. General Manager Chan Yu-Peng said...

LC FUEL TANK MANUFACTURE CO.


A New Era for KMC: An all-new brand image And The New eBike Sprocket

Oct 31, 2018

elebrated bicycle chain manufacturer KMC welcomed its 40th anniversary this year and took the opportunity to launch a new brand logo, an infinite chain loop, and the slogan “Link to Perfection,” reinforcing it commitment create the best chains and chain-related products in the world. As a leader of bicycle chain industry, KMC has always kept a pulse on the market and its trends. Using big dat...

KMC CHAIN INDUSTRIAL CO., LTD.



Insiders' Views

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

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

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

TTG Gives Taiwanese AAPEX Exhibitors a Leg Up

Nov 01, 2018

Taiwan Transportation Equipment Guide (TTG), having been founded for 33 years, is Taiwan’s first magazine dedicated to professional auto parts. The magazine can be obtained at the Economic Daily News (CENS.com) booth on the AAPEX show grounds. Combined with online and hardcover publications, CENS.com aims to boost Taiwan’s auto parts suppliers’ promotion to its highest. Since its first publica...


Taiwan Exhibitors Talk Biz with LA Office at AAPEX

Nov 01, 2018

Taipei Economic and Cultural Office in Los Angeles Economic Department Officer Wang Yu-hsin visited Taiwan exhibitors at AAPEX, in a show of their support of Taiwan’s businesspeople. During the visit, Wang said the Taipei Economic and Cultural Office in Los Angeles services 8 states in the U.S., and encouraged Taiwanese companies to reach out to them for trade inquiries or demands. LED maker J...


CENS.com Flexes Taiwan's Automotive Prowess at AAPEX

Oct 31, 2018

The annual Automotive Aftermarket Products Expo (AAPEX) is the largest automotive show in the North American region, with 2,500 exhibitors attending and using 5,550 booths at this year’s edition. The Economic Daily News (CENS.com), in tandem with Importers and Exporters Association Of Taipei, Taiwan Transportation Vehicle Manufacturers Association, Taiwan Forging Association and Southern Taiwan A...