INDUSTRIAL AUTOMATION PROMISE:Multi-axis robot arms are expected to provide a cash cushion for Hiwin as demand increases for the arms in unexpected industries
Date: Aug 13, 2015
By: Lauly Li / Staff reporter
Hiwin Technologies Co (上銀科技), a leading supplier of ball screws, linear guideways and industrial robots, yesterday forecast its core business would remain soft this quarter, but said it expects business to fare better next quarter, driven by increasing orders for industrial automation and robots.
“Shipments for Hiwin’s machine tools started to slow down last quarter due to overall weakness in the industry, and it is likely that the soft demand will persist throughout the remainder of this year and extend to the first half of next year,” Hiwin chairman Eric Chuo (卓永財) told reporters following an earnings conference in Taipei. [FULL STORY]