OPPORTUNITY: The machinery maker is looking to further overseas expansion by cementing its position in Japan, as well as expanding capacity in South Korea and Italy
Taipei Times
Date: Feb 05, 2018
By: Kuo Chia-erh / Staff reporter, in Taichung
Machinery maker Hiwin Technologies Co (上銀科技), which has set up branches in nine
Hiwin Technologies chairman Eric Chuo smiles during an interview in Taichung on Friday. Photo: CNA
countries, on Friday said that seeking investment opportunities in Japan would be its top priority this year.
“We are considering purchasing a plot of 7,800 ping [25,785m2] in Kobe, Japan, to build an innovation center, warehouses and ball screw production lines, and to better serve customers there,” Hiwin chairman Eric Chuo (卓永財) said at the company’s annual banquet for staff in Taichung.
Hiwin is also considering building plants in Japan’s Aichi Prefecture, he said, adding that the company plans to finalize its decision in the third quarter of this year at the earliest.
The company also aims to cement its position in Japan by acquiring a Japanese machinery maker by the end of this year, Chuo said, adding that in the coming months, Hiwin plans to expand capacity in South Korea and Italy, where it already has subsidiaries.
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