cens logo

Construction cost index increase at all-time-high

Sep 11, 2021 | By CENS

Construction demand is at an all-time high, even amid rising prices and shortages of materials. The Directorate General of Budget, Accounting, and Statistics under the Executive Yuan released its latest statistics on Friday, indicating that the August Construction Cost Index (CCI) increased 13.57%.

This is largely due to international scrap metal prices increasing, with steel rising around 50% in August and electrical cables rising 30%. In addition, CCI also increased on average of 10.03% between January to August this year.

Statistics also showed that the recent return of Taiwanese businesses setting up manufacturing operations and semiconductor-led investment projects have stregthened domestic demand and prices as well.

The increase is more significant when compared to the same period of CCI in 2020. May saw double-digit growth, while July reported 13.71%, making those numbers the highest since September 2008.

The two major categories of construction engineering materials and labor services are further observed from January to August. The material index rose by 12.39% over the same period of the previous year. Among them, the most weighted metal products (accounting for 19.5%) rose by 27.17%, mainly due to the rise in the international scrap market. Steel bar, steel plate, and section steel rose by 38.27%, 36.52%, and 23.92%, respectively; mechanical and electrical equipment rose by 10.54%, which was also due to the rise in international copper prices, which drove wire and cable to increase by 32.55%.

Photo courtesy of UDN.Photo courtesy of UDN.

Industry In-Focus

Photo courtesy of Signify

Food security and global policies fuel LED grow light demands: TrendForce

Sep 10, 2021

Food security concerns and global government policies are driving the demand for LED grow lights, specifically North America's medical and recreation-use marijuana markets, TrendForce's new 2021 Global LED Market Report-LED-grade packaging, and LED products for 2H21 has found. The increased demand has led to an explosive uptick in 2020's global grow light LED market, rounding up the industry v...

Worsening SEA COVID-19 surge complicates the global auto industry</h2>

Worsening SEA COVID-19 surge complicates the global auto industry

Sep 09, 2021

Aside from the ongoing chip shortage situation that shows no sign of abating, despite chip makers investing in new factories, industry experts believe could last well into 2022. Automotive brands across the board have announced additional factory downtime; among these companies include Toyota, which worryingly reported cutting back 40% production of its output. It appears that chip shortages shou...

Taiwan's machinery industry in numbers</h2>

Taiwan's machinery industry in numbers

Sep 09, 2021

Taiwan's machinery exports between January and July continued to show an upward growth trajectory, reaching USD$18.556 billion, a 28.1% year-on-year growth, reported the Taiwan Association of Machinery Industry (TAMI). That would be $522.562 billion in Taiwan dollars, a 20.4% annual growth, marking a record high in the same period. Moreover, machinery exports have maintained double-digit growth f...

Industry Reports

Shortages, Costs, Prolonged Pandemic Challenges Taiwan's Machinery</h2>

Shortages, Costs, Prolonged Pandemic Challenges Taiwan's Machinery

Sep 09, 2021

The machinery industry in Taiwan has been experiencing a five-month consecutive growth in the double-digits as of Taiwan Association of Machinery Industry's (TAMI) statistics released in June, rounding up the export value at USD$13.167 billion, a 27.5% annual growth. Figures indicate that the growth would continue despite the local COVID-19 outbreak in Taiwan. As of writing, Taiwan is still a...

Global and local trends fueling the machinery sector</h2>

Global and local trends fueling the machinery sector

Sep 09, 2021

The current global situation has made it incredibly challenging for industries and businesses to maintain a competitive edge when prices are soaring and delivery times are unpredictable. In an interview with Industrial Technology Research Institute (ITRI) Industry, Science and Technology International Strategy Center (ISTI) deputy head Harrison Hsiung, he touched on evolving trends observed in pr...

Photo credit: UDN/epa

Global sea freight rates to see hikes in Oct.

Sep 06, 2021

The global transportation peak season is expected to worsen the port congestion problem, presented in how the global large container carrier's general rate increase (GRI) is slated for an uptick growth again in October, pushing shipping prices between East Asia and North America to an all-time high. Freight companies moving to increase prices include Evergreen, Yangming, COSCO, HMM, Hapag-Lloy...

Supplier News

KONFU Enterprise specializes in fasteners, screw, rivet, and nail-making machineries</h2>

KONFU Enterprise specializes in fasteners, screw, rivet, and nail-making machineries

Sep 09, 2021

KONFU Enterprise specializes in fastener production, and has gained ample know-how in materials, machines, forming tools, production, and finishing through cooperating with many domestic manufacturers. The company provides various screw, rivet, and nail-making machines from low-priced options to advanced 5-station and 6-station bolt formers. Their featured products include high speed heading mach...


Forwell Paves Way for Modern Automation Machinery</h2>

Forwell Paves Way for Modern Automation Machinery

Sep 09, 2021

Forwell's expertise in producing quick mold change systems has benefited its real-life application know-how, including fields in stamping, forging, die-casting industry, metal cutting, plastic injection, tire industry, as well as plastic and rubber raw material factories, which Forwell has worked in by offering customization services for clients. Data on Forwell's quick mold change systems shows ...


Top Taiwanese precision maker Hiwin lauded with yearly product innovation awards</h2>

Top Taiwanese precision maker Hiwin lauded with yearly product innovation awards

Sep 09, 2021

In 2020, Hiwin was awarded as a top ten Taiwan Corporate Sustainability Award, while in the previous year, the company’s Cool Type III ballscrew received the Outstanding Award of the Statistics Monitoring Machine Tool Key Components Category at the 2019 14th Annual Machine Tools “R&D Innovative Products” Competition. Affiliated Hiwin Mikrosystem’s CRE Absolute Direct Drive Motor TMY65D also won a...


Insiders' Views

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.

Mar 04, 2021

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...


OmniEyes CEO and Co-Founder Chun-Ting Chou. (Photo courtesy of OmniEyes)

OmniEyes' AI Technology Paves the Way for Traditional Industries' Digital Transition

Dec 15, 2020

The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...

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...

Exhibition Highlights

International Fastener Show China 2021 is always going up </h2>

International Fastener Show China 2021 is always going up

Jul 16, 2021

With an exhibition area of 42,000 square meters, there were breakthroughs of the scale and level for International Fastener Show China 2020. IFS China gathered 725 renowned enterprises and set up 1936 booths, attracting 36,080 visitors including 4212 overseas visitors from 53 countries and regions in 2020. For last edition, IFS China 2020 boasted an active participation of overseas equipment ...

One month-long COMPUTEXVirtual kicks off this week with keynote speeches</h2>

One month-long COMPUTEXVirtual kicks off this week with keynote speeches

Jun 01, 2021

The 2021 Taipei International Computer Show (COMPUTEX TAIPEI 2021) kicked off its #COMPUTEXVirtual online exhibition on May 31, peppering online keynote events throughout the one-month event. Intel Executive Vice President and Chief Revenue Officer Michelle Johnston Holthaus led the opening keynote speech, sharing how the rapidly accelerating digital transformation can release a new era of inn...

2021 INTERMACH presents an important platform for business opportunities.</h2>

2021 INTERMACH presents an important platform for business opportunities.

Apr 08, 2021

The 38th edition of INTERMACH presents an important platform for business opportunities. The show features the latest industrial machinery and technology that meet industry's needs today including Automation, Artificial Intelligence (AI), and Robotic Arm technology. There will be advanced machinery technologies that enhance production potential and effectively reduce costs; along with meetings, s...