Page 17 - 2020 英文版 名廠巡禮

Forwell Precision Machinery Co., Ltd.

Cultivated Deeply In Intelligent Development And Rapid Mold Changing
Equipment To Meet The Trend Of Intelligent Manufacturing

By Jen-Yi CHEN

The president of Forwell Precision Machinery Co., Ltd., Mr. Wen-Long Hsiao, who also serves as the executive
director for Taiwan Association of Machinery Industry as well as the chairman of Metal Formation Committee, he
indicated that the total export of Taiwan’s machinery decreased by 7% in 2019. Of which, the export of machine
tools suffered the most, with a reduction of 20%. The main factor for the decrease, without question, is the friction
caused by trades between China and USA. In turn, this has led to the decrease in global prosperity, with many
investors looking on and waiting it out, which further causes low investments. However, because the tension
between China and USA has softened recently, it is expected that the economy will gradually warm up starting
with 2020. Unfortunately, the war on tariffs will persist on, with the next bout aiming at the tariff protection in the
European market.

Mr. Wen-Long Hsiao pointed out that, in order to avoid being affected by the China and USA trade war, many
Taiwanese investors have turned their focus from China to Southeast Asian countries for the establishment
of a manufacturing base. Coupled with the constant changes and transfer of the global supply and demand
chain, this eventually led to the developmental instability in business of Taiwanese corporations. Also, in terms
of the development of prosperity for Taiwan, what Taiwan needs at the moment is the investment confidence to
effectively improve the overall Taiwanese investment environment and to lift corporations back up. It is suggested
that the government could encourage corporations to expand Taiwanese investments through implementations
of diverse subsidy policies, thereby strengthening the domestic market, allowing Taiwan to stand by itself while
lifting up economic prosperity by solving the issue of continuous depressing prosperity.

Mr. Wen-Long Hsiao noted that, since the election results are set in stone, he advises the President Ying-Wen
Tsai to extend the terms of existing international trade agreements such as RCEP, FTA, and ECFA, thereby
allowing the industry to attain a more positive development so as to promote the growth of Taiwan exports and
elevate the international competitiveness of corporations. He stated that the outside factors which affect the
economy is out of their hands, and therefore Forwell Precision Machinery Co., Ltd. has already devoted itself
in internal restructuring, equipment upgrades, staff educational training, and staff cultivation to actively prepare
themselves for the incoming surge of purchase orders in the first quarter.

At the same time, the manufacturing plant in Hwaian, China, is fully prepared for battle by strengthening internal
management and continuing to invent new products. In addition to merging with the Ningpo Plant as a result of
the land vitalization policy enacted by the government, where operation resources in technology, production and
work content of the two companies are now shared and exchanged, it will become an additional strength in the
business layout of the Chinese market in the future.

Mr. Wen-Long Hsiao noted, that Forwell Precision Machinery Co., Ltd. is currently targeting the establishment of
a demo plant in Hwaian for the recently developed “Intelligent module management system.” After its completion,
the demo plant will be able to perform demo production of car components in plastic and rubber combined with
metal ones, or the formulation of any samples, thereby allowing for a more comprehensive demonstration of
intelligent production line, striving towards the corporate goal of 2.5 billion dollars in annual revenue by 2025.
Website: https://www.forwell.com

13