KEY COMPONENTS:With industry conditions likely to continue until 2019, Hiwin is taking the opportunity to expand and is considering acquiring rival machinery makers
Taipei Times
Date: Nov 04, 2017
By: Kuo Chia-erh / Staff reporter
Machinery maker Hiwin Technologies Co (上銀科技) has forecast its growth momentum would extend into the first quarter of next year, as the global machinery market remains undersupplied due to a shortage of key machinery components, particularly linear guideways and ball screws.
The shortage is unlikely to be solved in the near term, as components suppliers cannot meet rising demand from customers in the semiconductor and automotive industries, Hiwin chairman Eric Chuo (卓永財) said at an investors’ conference in Taipei yesterday.
“The shortage of key components is expected to be solved in 2019 at the earliest,” Chuo said.
The components shortage offers a golden opportunity for Hiwin to cement its position in Japan, Chuo said, adding that the company is likely to become the second-largest supplier of linear guideways and ball screws in that country next year. [FULL STORY]