Taipei, Feb. 7, 2006 (CENS)--Walsin Technology Corp. recently announced its acquisitions of Mitsubishi Materials-held Kamaya Electric Co., Ltd. And MMC Electronics Taiwan Co., Ltd., which helped the company to become Taiwan' s second biggest supplier of chip resistors.
The Taiwanese supplier acquired an 85.84% stake in Kamaya as well as the tangible assets and inventories of MMC Electronics' ceramic-capacitor business. The company is the first Taiwanese passive-electronics component supplier to acquire its Japanese rivals.
The acquisitions are estimated to cost Walsin around NT$200 million (US$6.2 million at US$1:NT$32) based on Kamaya' s net value of 649 million yen (US$5.5 million) and MMC Electronics' capitalization of NT$228 million (US$7.1 million).
Walsin estimated that the two deals would more than double its monthly revenue to NT$360 million (US$11.2 million) from the current NT$150 million (US$4.6 million), making it Taiwan' s No. 2 supplier of chip resistors, next to only Yageo Corp.
Kamaya has snatched up 7% of the world market for chip resistors, and its revenue for the April-December 2005 period was equal to NT$1.9 billion (US$61 million). In the meantime, MMC Electronics had revenue of NT$167 million (US$5.2 million).
Walsin' s executives pointed out that the acquisitions would help the company enter the Japanese market, since the two affiliates' customers are mostly Japanese enterprises. They added that their company would also enhance cooperation ties with Mitsubishi in the near future through these two deals.
Taiwanese industry watchers pointed out that the acquisitions suggest acquisition deals in the Taiwan industry are becoming rare now, after years of acquisitions launched by Yageo and Walsin.
Over past several years, Walsin has expanded by acquiring and entering into alliances with other manufacturers. Not long ago, the company acquired Pan Overseas Electronic Co., Ltd. And one other supplier of monolithic ceramic chip capacitors (MLCCs).
Walsin planned to spend NT$1.5-1.7 billion (US$46.8-53 million) to expand its output capacity of 0201-type MLCCs, suggesting it is optimistic about the business of producing the micro-size capacitors. For a long time, Japanese suppliers have dominated the market, leaving manufacturing of the outdated 0402-type and 0603-type wares to Taiwanese suppliers.
Yago estimated its 0201-capacitor shipments to triple this year from last year, exceeding the shipments of rival Japanese makers, thanks to Apple' s orders for capacitors for its iPod music players.
Taiwanese industry watchers pointed out that the increased Taiwanese production of 0201 capacitors suggests that the production base has shifted to Taiwan from Japan.
With the advent of auto-technology, Market Intelligence & Consulting Institute (MIC) emphasized that global traditional car factories are accelerating their investment and R&D capabilities in developing three trends: electrification, smart-capabilities, and service-oriented tech. MIC's senior industry consultant and substitute director Hung Chun-hui made the remarks while speaking at the COMP...
Electric vehicles (EV) and related technologies were the major highlights at this year's Taipei AMPA show. For instance, the pavilion from the mobility Taiwan Automotive Research Consortium (mTARC), an entity under the Economic Ministry Department of Industrial Technology, showcased EV and self-driving vehicle technologies developed by domestic companies and research institutions. Among their...
Taiwan Machine Tool & Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien said on Wednesday that the most worryingly concern the domestic COVID-19 outbreak posed to the industry would be the potential impact on the supply chain. A shortage of the workforce and the longer delivery time would mean that customers may gradually switch orders, Hsu said. Any advantages that Taiwan gained o...
Hon Hai and Formosa Plastics Group were reported to be going through discussions over electric vehicle (EV) cooperation, specifically over the most critical technology in the emerging EV industry that's also gaining popularity in its field: solid-state batteries. For solid-state batteries, Hon Hai has developed a market standing through its subsidiary Guangyu, and through it, has also investe...
Taiwan's economic fundamentals remained strong in April, according to the National Development Council's (NDC) index gauging the economic climate, which flashed a "red light" for the third consecutive month. The index's monitoring indicators reflect the existing economic situation. It moved up a point to 41 in April, reported the government's top economic planning agency on Thursday. It would...
As Taiwanese chip manufacturers are struggling to buoy the global semiconductor supply shortage, Taiwan is taking blows from all sides: the worsening of the COVID-19 pandemic and the year-long drought that has hit multiple sectors: agriculture, commercial, and energy supply. While the government is working hard to contain the epidemic, the shortage of water and electricity has highlighted Tai...
Entering its 52th year since opening its business, Young Shang Plastic's focuses on improving its production technologies and product quality. As a packaging producer, Young Shang passed FDA approval for making 100% recyclable plastic bottles from poly grain raw materials. The company has sold tens of billions of plastic products through production processes compliant with ISO9001, ISO14001, ISO2...
The international top-class panel of 91 experts has selected Home Resource to take part in the final round of the iF DESIGN AWARD 2021 for the design of the Halo Wireless charging pad with bedside lamp. As a result, Home Resource has successfully made the cut in one of the most important design competitions in the world and qualified for the iF Final Jury. In the second and most important roun...
■ Tseng Lung-nan Founded in 1981, Steel Mark is specialized in manufacturing locks and other related hardware. The company's product catalog includes padlocks, motorcycle and bike locks, deadbolt locks, digital door locks, door locks, rim & euro profile cylinders, and concern hardware and parts. Presently, the company operates modern manufacturing facilities occupying 3,300 square met...
The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...
■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...
Paul Master Builds Reputation with Auto Chassis and Engine Parts
Nov 18, 2019Paul Master Auto Parts Co. is a professional manufacturer of chassis and engine parts for passenger cars, trucks, and industrial trucks (including forklifts) with about 40 years of experience. The company is currently expanding worldwide marketplace, which gains support from global buyers. General Manager Terry Liang said the company has its own professional design department, which provides ...
The 2021 Taipei International Computer Show (COMPUTEX TAIPEI 2021) kicked off its #COMPUTEXVirtual online exhibition on May 31, peppering online keynote events throughout the one-month event. Intel Executive Vice President and Chief Revenue Officer Michelle Johnston Holthaus led the opening keynote speech, sharing how the rapidly accelerating digital transformation can release a new era of inn...
The 38th edition of INTERMACH presents an important platform for business opportunities. The show features the latest industrial machinery and technology that meet industry's needs today including Automation, Artificial Intelligence (AI), and Robotic Arm technology. There will be advanced machinery technologies that enhance production potential and effectively reduce costs; along with meetings, s...
The Taipei International Automobile & Motorcycle Parts & Accessories Show (AMPA) will be held on April 14-17, 2021 at Taipei Nangang Exhibition Hall 1. Supported by the automobile aftermarket industry, the show will take place both virtually and physically, where worldwide industry peers can still meet and get business done from afar. Keeping up with the latest global trend while maintaining t...
