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Taiwan Equipment Exports Up |
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Written by Kathy Nargi-Toth
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Tuesday, 15 July 2008 |
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TAIPEI -- Taiwan exported US$8.227 billion in machinery in the first half of 2008. The shipments represent a 12.7% increase versus the same period in 2007, according to the Taiwan Association of Machinery Industry (TAMI) who monitors exports.
The current surge in demand for iron and steel coupled with the appreciation of N.T. dollar against the U.S. dollar have domestic manufacturers hesitant to commit to continued growth for the remainder of the year.
The best performer in machinery exports in the first half of this year is Tongtai Machine & Tool Co. Orders for PCB drilling machines where up significantly. Tongtai closed deals worth NT$3.484 billion (~US$114.98 million) in June. Orders are said to be cooling off for the second half of 2008.
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