April 21, 2008 -- Thanks to the increased demand of the European and emerging markets, Taiwan’s leading manufacturers of machine tools, including Awea Mechantronic Corp., Tongtai Machine & Tool Co., and Goodway Machine Corp., are gearing up to expand production in the second quarter of this year.
These companies saw outstanding performance in the first quarter. Tongtai, for instance, witnessed its sales shoot up 50% year-on-year in the first quarter, attributing its outstanding performance in the first quarter to the sales growth in the European Union, Eastern Europe and Russia. The company is optimistic about this year’s operations as it currently has $94.65 million worth of orders in hand.
Edward Yang, president of Awea and Goodway, said both companies would be able to achieve a 20% annual sales growth this year. In the next two or three years, both companies will see combined sales amount to $331.12 million yearly.
Abstracted from Taiwan Economic News
