FACE TO FACE
Chin Fong ’ s ST1 straightside single crank intelligent power press won an “ Honourable Mention Award ” in 2023 at 16th Machine Tool Competitions .
Selection of 2023 achievements
■ ST1 straightside single crank intelligent power press won an “ Honourable Mention Award ” at 16th Machine Tool Competitions .
■ Awarded the Taiwan Green Enterprise Label in 2023 .
■ Received the Silver Award for “ Talent Quality-Management System TTQS ” from the Workforce Development Agency , Ministry of Labour , Taiwan .
■ DSF2-600 direct drive servo forging press won the 32nd Taiwan Excellence Awards .
■ Received the Silver Award for “ 2023 Employee-Friendly Company “ from 1111 Job Bank . development focus of forging equipment will also concentrate on lightweight metals ; hightensile steel sheet forming techniques ; waste reduction through composite production ; intelligent forming and energy efficiency .
Despite the less favourable global outlook expected in 2024 , Chin Fong is gearing up for operational goals amid challenging circumstances . The company aims to achieve these objectives through various innovative models , aligning with the innovative-driven philosophy held in 2023 . This approach encompasses innovation in products ; processes ; resource integration ; cost reduction and more , all geared towards fostering a distinct and robust competitive edge .
Therefore , ‘ innovation ’ stands as the driving force propelling Chin Fong Group forwards , reflecting a sustained commitment to this guiding principle . Chin Fong is adopting innovation and internationalisation as its business strategy to establish sustainable competitive advantages .
ISMR : What , in your view , are important industry trends and challenges ? How are you responding to these ?
ST : The rapid development of the new energy vehicle ( NEV ) industry presents both significant trends and challenges for the metalforming sector . In this context , the upgrade and transformation of metalforming technologies have become crucial .
Firstly , the widespread adoption of NEVs is driving transformation and upgrading within the automotive manufacturing industry , particularly in metalforming . Taking pure electric vehicles as an example , their body design tends towards lightweight construction which imposes higher demands on metalforming processes . It requires precise control over the shape and thickness of each component to achieve weight reduction .
Secondly , the NEV industry ’ s challenges ( such as immature business models and weak profitability ) also impact the metalforming sector . As a capital-intensive and technologyintensive industry , metalforming requires substantial investment and technological research and development , putting immense pressure on small and medium-sized enterprises .
Chin Fong Group provides comprehensive metalforming solutions to meet development trends in the NEV industry . This includes lightweight vehicle bodies , battery case production lines and motor production lines .
ISMR : Which areas of growth / opportunities can you highlight ?
ST : The future growth points of the metalforming industry mainly focus on the following areas :
Image : Shutterstock . com .
■ New Energy Vehicles : With the rapid expansion of the electric vehicle market , the demand for lightweight alloys and other metal materials is increasing , driving continuous innovation and investment in metalforming technologies .
the 2023 revenue , projecting it to be the most successful year to date . The group ’ s estimated consolidated revenue for 2023 is around sixbillion NTD , and there ’ s potential to challenge an EPS of 2.6 NTD . This is a remarkable feat , amid global economic headwinds .
ISMR : What is your strategic and technical focus for the company ?
ST : The key directions for the development of forging equipment technology include forming techniques for lightweight metals and hightensile steel sheets , waste reduction through composite production and energy-efficient intelligent forming .
The future strategic mindset is centred around “ innovative research and development , global expansion .” With the influence of trends towards energy conservation , lightweight design and environmental protection , the
Chin Fong ’ s iForming PMS - Intelligent Forming Productivity Management System .
86 | ismr . net | ISMR September 2024