The Statistics Department of the Ministry of Economic Affairs announced on Thursday that the industrial production index for November was marked at 137.86, a year-on-year increase of 12.1%; the manufacturing production index for November was 141.16, a single-month high in the past year, with a year-on-year increase of 13.1%, and both marked a 22 consecutive-month expansion. The department estimat...

China Steel Corporation (CSC) is forecasted to drop an average of 2.15% in new market prices next year. Due to the decline in the previous wave of price fluctuation on the coal and iron ore market, low-grade raw material costs have begun to roll into the production line. As a result, CSC has yet to see its profits impacted by the steel price cuts. CSC closed at NTD$35.8 yesterday, down 0.05 y...

In response to the needs of major car manufacturers worldwide to reduce carbon emissions and extend the battery life of electric vehicles, Taiwan's China Steel has been actively engaged in the development of lightweight car bodies in recent years. China Steel reported that it has successfully developed a new generation of automotive steel, called MS1300, 2.2 times stronger than the structural...

Taiwan Association of Machinery Industry (TAMI) announced today that the export value of machinery in November stood at USD$2.991 billion, an annual growth of 23.8% and marking a new monthly high. The association pointed out that despite the influence of the appreciation of the New Taiwan dollar, rising raw materials, and rising shipping costs this year, the growth momentum is still strong. It is...

As the newest highlighted COVID-19 variant of concern, Omicron has the European region and the U.S. on high alert. In response to potential worsened snags in the global ports, the media has reported Taiwan's top four major container carriers and shipping companies -- Evergreen Marine, Yangming, Wan Hai, and T.S. Lines -- pledging to do their best in prioritizing shipping space of domestic indust...

China Steel Chairman Weng Chao-dong said today that the bullish trend in the steel market would continue unimpeded and cited an optimistic outlook for next year. Due to other factors such as added costs from environmental issues, steel production, and shipping delays, the forwarded costs are expected to continue for another two years. The national steel maker's earning call was held on Wednesd...

The Statistics Department of the Ministry of Economic Affairs announced today (22) that the value of export orders in October closed at US$59.10 billion, a record high in the same month of the previous year, an annual increase of 14.6%, and marked a 20-month consecutive run. The department estimates that the value of export orders in November would be between USD$59 billion and USD$60.5 billio...

TECO, a major electric motor manufacturer, plans to replicate its manufacturing experience in the Indian market and enter the electric vehicle market in Turkey and Indonesia. TECO currently has orders for smart energy exceeding NT$10 billion, citing a lucrative opportunity in scaling up its operations in the EV industry. In response to the market's concerns regarding when TECO becomes profita...

The Taiwan Association of Machinery Industry (TAMI) announced on Tuesday that the export value of machinery and equipment in October amounted to US$27.163 billion, an annual increase of 28.8%; the value in Taiwan dollars was 762.187 billion yuan, a yearly increase of 21.4%, a record high for the same period in history. For ten consecutive months, exports of machinery and equipment have experience...

In an article first published in the Business Weekly, and through a media collaboration, republished in the Economic Daily News, an investor banker industry analyst attempted to break down why Taiwan tech giant Foxconn's Foxtron Vehicles business model will prove advantageous in the long run. On October 18, Foxconn Founder Terry Guo arrived at the product launch event behind the wheel of Foxtr...