In Taiwan, over 700,000 used cars are bought and sold per year, compared to about 400,000 new cars sold a year, creating a market of about NT$300 billion (US$10 billion). Eyeing the growing domestic used-car market, automobile vendors have been aggressively developing such sales channels by tapping the ample supply of cars sourced from new-car distributors and affiliated car-leasing compan...

Advantech Co., Ltd., recognized as the largest industrial computer maker in Taiwan, recently said the company has tapped into the supply chain of SAIC Motor Corporation Limited (SAIC Motor), reportedly the largest automobile manufacturer in China, through its subsidiary Advantech-LNC Technology Co., Ltd. L.Y. Kuo, president of Advantech-LNC, pointed out that his company has kicked off smal...

Thanks to strong demand from Europe, where gasoline prices are sometimes double or more of those in North America, and the U.S., several suppliers in the bicycle sector listed on the Taiwan Stock Exchange (TWSE) reported buoyant results, including record revenues in the first half. Both the top-2 assembled-bicycle manufacturers in Taiwan by volume sold, Giant Manufacturing Co., Ltd. and Me...

Some 19,926 projectors were sold in Taiwan in the first quarter of 2015 (Q4, 2014: 21,898 units), down 11.4 percent year-on-year (YoY) and 9.0 percent quarter-on-quarter (QoQ), according to statistics released by IDC Taiwan, the local subsidiary of the global provider of market intelligence. Ray Lin, associate market analyst, PC & Peripherals Group of IDC Taiwan, attributes the sales decli...

In recent years and amid crude oil prices beyond own control coupled with relatively modest-sized domestic market as well as intensifying rivalry, several Taiwanese petrochemical manufacturers have been vigorously diversifying product applications, so as to further create business opportunities. Formosa Plastic Corp. (FPC), recognized as the largest petrochemical maker in Taiwan, has been eyei...

The board of Merida Industry Co., Ltd., a leading assembled-bicycle manufacturer in Taiwan with its own eponymous brand marketed globally, recently announced that incumbent chairman and president Michael Tseng has been re-elected again to remain in his post. Merida achieved record earnings per share (EPS) of NT$11.2 (US$0.37) in 2014, and the board resolved to distribute cash dividend of N...

KMC Chain Industrial Co., Ltd. of Taiwan, the chain maker set up in Tainan, southern Taiwan in 1977 with its own KMC line of bicycle chains as well as affiliates in the USA and EU, is likely to benefit from share subscriptions by the three major suppliers in the bicycle industry. In June of 2014, KMC announced that the three major players in the global bicycle industry have committed to take p...

Anson Liao, chairman of Aerospace Industrial Development Corp. (AIDC), a state-owned aerospace firm in Taiwan that is also Taiwan Stock Exchange (TSE) listed, recently stated that the company received more than NT$40 billion (US$1.33 billion) in firm orders in 2014, plus an additional NT$26 billion (US$866.7 million) booked in the first quarter this year, meaning that the company holds NT$100 bil...

Both the top-2 Taiwan Stock Exchange (TAIEX)-listed bicycle manufacturers in Taiwan, Giant Manufacturing Co., Ltd. and Merida Industry Co., Ltd., reported negative earning growths in the first quarter, due mainly to worse-than-expected sales in China and losses from currency exchanges. Giant had group revenue of NT$14.59 billion (US$486.3 million) in the first quarter, up 2.7 percent from ...

Teco Electric & Machinery Co., Ltd. of Taiwan, one of the original makers of heavy-duty electro-mechanical equipment in Taiwan, recently reported that it sees the coming of revenue generation for its wind-turbine business this year. The firm says that its first 5 megawatt-hour (MWh) offshore wind turbine will be tested in central Taiwan by the end of the year, which is expected to bear com...