Taiwan’s surface-finishing industry ended 2011 with output of NT$163.5 billion (about US$5 billion) for a 13 percent increase from a year ago, according to a report by the Metal Industries Research and Development Center, a metal market researcher in Taiwan.
The report shows that the industry exported NT$78.5 billion and imported NT$15 billion of coated steel plates in 2011, up 5 percent and down 16 percent, respectively, compared to a year earlier, with the market in Taiwan expanding 14 percent to NT$100 billion.
In the fourth quarter, the industry’s output value came to NT$41.1 billion, up 12 percent from a year ago but down 3.6 percent from a quarter earlier, with exports and imports totaling NT$20 billion and NT$3 billion, respectively, up 5 percent and down 7 percent QoQ. The MIRDC analysts stressed that the industry in the fourth quarter produced less than the third quarter for a variety of reasons, including the lingering EU debt crisis and cutthroat underselling among Japanese and Korean steelmakers, which shook the steel market to dampen demand for surface finishing services.
Japan and China were the top two suppliers for the industry in Taiwan, commanding nearly an 80 percent share of the segment in the quarter; while China, the U.S., Thailand, Indonesia and Malaysia absorbed 50 percent of the industry’s exports as the top-five buyers.
Many industry operators scrambled for orders amid lukewarm demand in the latter part of the year, having already reduced export quotations to attract customers, while stepping up production streamlining since December to sustain operating performance.
The advantages of boric acid-free nickel plating include allowing manufacturers who utilize nickel plating to keep up the ever-changing regulatory policies and support sustainability efforts.
Remaining focused on quality and reliability, Team Plating Works stays profitable in a volatile and challenging economy.
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Dear Products Finishing Audience Member:
Starting on Thursday August 8, 2024, PF will begin “gating” its premium content, asking all new website users to provide some information about themselves — name, title, employer, email address — before they are provided free access to the content.
We are doing this because the ways PF’s audience finds and accesses our content is changing. Google’s search algorithms, increasingly, make it difficult to connect PF’s content with the people who might make use of it. On top of that, generative AI like ChatGPT is serving up PF content to internet users without attributing that content to PF.
As a result, it has become increasingly important for PF evolve its audience development strategy and learn as much as possible about who is accessing our content, what content they are accessing and how they are accessing it.
With this audience development strategy, we hope to do two things:
First, we will be better able to deliver directly to our audience the editorial content that aligns with the surface finishing materials, processes and technologies that interest them.
Second, we will be better able to connect the materials, equipment and services our advertisers supply with the audience that is most interested in them.
PF plays a distinctive role and has earned a place of esteem within the focused and specialized industry it serves. Large developments in the media landscape are forcing us to change the way we communicate with our audience. We are confident that our audience values the role PF plays in their professional lives and will join us in this effort to stay connected to them.
We thank you for your continued interest in and support of PF and welcome any questions you might have about the brand’s new content gating strategy.
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