Reported 12 months ago
The new chairman of the Taiwan Machinery Association, Zhuang Dali, plans to seek opportunities in Mainland China to cope with the decline in orders, as Taiwan's machinery industry faces challenges such as exchange rate fluctuations, export restrictions, and competition from Japan due to currency depreciation. Zhuang aims to negotiate with the China Machinery Industry Federation to allow Taiwanese companies to participate in the replacement of manufacturing equipment in Mainland China, amidst concerns of dwindling orders which currently stand at only half of normal levels and one-third of peak levels.
Source: YAHOO