Source: Taiwantrade | Updated: 05 June 2015
This year, the Taiwan External Trade Development Council (TAITRA), under the support of the Bureau of Foreign Trade, Ministry of Economic Affairs of Taiwan, continues to shed lights on the Vietnamese market by introducing leading Taiwanese brands at the 11th Saigon International Autotech & Accessories Show from May 28th to 31st at the Saigon Exhibition & Conventional Center (SECC, District 7, Ho Chi Minh City). Among the nearly 300 brands exhibiting from around the world, more than 54 companies are from Taiwan.
Taiwan possesses a complete auto parts supply chain; most of the firms are small and medium sized enterprises (SMEs) that have created a highly integrated and dynamic supply network. The industry is characterized by its seamless cooperation between companies within supply chains that operate in a well-connected center-satellite system of factories. This system, enhanced by a wide network of clusters scattered throughout the island, enables flexible production schedules, a diversified product range and low production costs. There are currently 2,800 auto parts and accessories manufactures in Taiwan, with 300 of them providing original equipment.
There are 54 Taiwanese companies participating in this event. The participating companies present their latest products, as well search for more collaboration and development opportunities in the Vietnamese market. Companies such as Proxene Tools Co., Ltd., is in the leadership position in designing adjustable wrenches. Kymyo Industrial Co., Ltd. manufactures air tools with various types of sanders. Ekeen Precision Co., Ltd. specializes in providing a diversified range of powder metallurgy products. Taya Chain Co., Ltd. is a premier chain manufacturer. Mobiletron Electronics Co., Ltd. is devoted to automotive electronics, including charging systems and sensors. Machan International Co., Ltd. succeeds in manufacturing professional-grade tool storage. Chian-yie Industrial Co., Ltd. manufacturers motorcycles, scooters and ATVs’ upgrade parts and Lung Jeng Enterprise Co., Ltd. manufactures innovative brakes.
According to statistics from the Taiwan Transportation Vehicle Manufacturers Association, Taiwan’s auto components industry total output in 2014 amounted to $6.6 billion USD, which marks a nearly 5% growth from 2013. The USA was the largest destination for Taiwanese auto parts with a share of 40.79%, followed by Japan, China, UK and Australia.