Machine tool makers AWEA Mechantronic Co., Ltd. and Goodway Machine Corp. have recently landed surging orders mostly thanks to recovering automobile markets in China, Europe, and the United States, with AWEA receiving over NT$300 million (US$10 million) of orders a month.
Both companies estimate the orders to keep their production humming throughout the first quarter of 2014.
With the newly landed orders, AWEA has NT$1 billion (US$33 million) of undelivered orders while Goodway has around NT$600 million (US$20 million).
Dehua Yang, chairman of both Goodway and AWEA, points out that the recovery has taken hold in China, Europe, and the United States.
AWEA, he says, has received increasing orders from automakers and mold makers for high-end horizontal machining centers, big double-column machining centers, five-axis machining centers, and gantry type of machining machines.
On top of foreign orders, the companies have also seen rising orders from local customers, especially carmakers and plastic-mold makers, for midsize double-column machining centers and vertical machining centers.
Also, Yang estimates Taiwan's machine-tool industry to climb in the first quarter of 2014 from the same quarter of 2013, with improvement continuing in the second quarter.
To keep up with the expected uptrend, the two companies are accelerating expansion projects at the Chiayi Dapumei Intelligent Industrial Park in southern Taiwan.
The Goodway Group acquired 13,940 sq. meters at the industrial park, where it will invest around NT$5 billion (US$166.6 million) to build facilities in three phases for production of big vertical lathes and machines for use in energy, railway, shipbuilding, and wind power generator industries.
AWEA recently reduced paid-in capital to NT$919 million (US$30.6 million) from NT$949 million (US$316.3 million).
