Tailin Abrasives (Subic) Corp. of Taiwan is scouting for a new site in the Subic Bay Freeport for its expansion plans as it remains confident that demand for its products will not slow down despite the global recession.
Charles Wu, company chairman, told reporters in a visit to Tailin’s headquarters in Taipei last month that exports prospects remained bright despite the worst financial crisis in the United States, which accounts for 30 percent of its exports.
The group designs, manufactures and distributes a wide range of resin-bonded abrasive
products, such as cut-off and grinding discs, coated abrasives, flap disc, mounted points and conventional grinding discs. It sells its products through industrial distributors, original equipment manufacturers and hardware private label programs.
“The recession will have little impact on our exports since we produce highly specialized industrial products. Our production for 2009 is already paid for. We are also looking at tapping other export markets to ease the impact of the slowdown in the US market,” said Wu.
The company also exports 30 percent of total production to Asia, 25 percent to Australia and 10 percent to the European Union. Taiwan accounts for 5 percent of the output. (Elaine Ramos Alanguilan, Manila Standard Today)
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