Awea, Anderson to Make Handsome Earnings in 2011

Taipei, June 22, 2011 (CENS)--With promising outlook for Taiwan's machine-tool industry, institutional investors forecast leading domestic makers, including Awea Mechantronic Corp. and Anderson Industrial Corp., in this line will be able to make handsome profits this year.

Pacific Securities said Awea will see per-share after-tax earnings grow over 20% year-on-year to reach NT$3.11 this year. First Capital Management Corp. predicted Anderson to challenge NT$2.33 after-tax earnings per share, hitting an all-time high record, this year.

Awea is one of Taiwan's leading manufacturers of large-sized double-column machining centers and C-type machining centers. Its products are widely employed by such industries as automobile, motorcycle, machinery processing, 3C (computers, consumer electronics and communications) products, optoelectronics and mining. The company currently exports 65% of its overall output.

Pacific Securities believed Awea has secured orders to keep production lines busy through the end of September. Awea is capable of shipping over NT$300 million worth of machine tools per month.

It is anticipated Awea will be able to ship 220 double-column machining centers and 750 C-type machining centers this year with annual sales reaching NT$2.984 billion this year.

Focusing on the production of PCB (printed circuit board) drilling machines, profile machines and CNC woodworking machines, Anderson has raised product prices by 3% in the first quarter of this year. The company registered NT$0.35 in after-tax earnings per share in the first quarter.

First Capital Management predicted Anderson will see sales amount to NT$820 million with gross profit margin reaching 20.85% in the second quarter of this year.