Taipei, Nov. 19, 2012 (CENS)--HIWIN Technologies Corp. Chairman Eric Chuo forecast the company’s sales will post an explosive growth in the third quarter of 2013 year after beginning to climb up in the third quarter of 2012.
Chuo based his optimistic forecast on the company’s introduction of several new products including intelligent robots and surged sales in Japan.
The company is currently Taiwan’s No.1 manufacturer of precision machinery components as ball screws and linear motors.
Chuo pointed out that Toyota’s manufacturing-equipment suppliers have adopted his company’s precision components on cost concern. In addition, an increased number of Japanese machinery manufacturers have built the company’s components into their machines, raising the possibility that the company’s sales in Japan will surge 50%.
HIWIN, according to Chuo, will build production lines in Japan to support customers locally and expand market share.
However, Chuo is uneasy about the appreciation of the New Taiwan dollar, which he stresses will erode the company’s competitiveness on international market once over 70% of the company’s products are denominated in the U.S. dollar and the euro.
(by Ken Liu)