Machinery firms losing to China: Hiwin

LAGGING:The nation’s transition to ‘industry 4.0’ should be a gradual process, as many local companies are obsolete, Hiwin Technologies chairman Eric Chuo said

Taipei Times
Date: Apr 22, 2017
By: Kuo Chia-erh / Staff reporter

Taiwanese machinery companies are likely to be surpassed by their Chinese rivals over the next five or 10 years as they fall behind in competitiveness, Hiwin Technologies Co (上銀科技) chairman Eric Chuo (卓永財) told a forum in Taipei yesterday.

Hiwin is one of the nation’s leading machinery makers, distributing ball screws, liner guideways and industrial robots to its global clients.

Chuo said the government has been “unpractical” in its promotion of the nation’s long-term industrial development, neglecting the real challenge facing the industry.

The transition to “industry 4.0” should be a gradual process, since many local companies are obsolete, including those that make hand tools and metal hardware, Chuo added.    [FULL  STORY]

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