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2010-01-19 Forwell Precision Machinery Co., Ltd. does not Laying off Employees, not Implement Rest without Salary, Overcomes Financial Storm, Orders Recover to Nearly 80%.

Specialize in development and production of "quick die changing system", and successfully sell independently created brand "FORWELL" in Taiwan and mainland, Forwell Precision Machinery Co., Ltd. faced impact of financial storm last year, Wen-Lung Hsiao, President of Forwell Precision Machinery Co., Ltd. still adheres to the operating policy of not laying off employees, not giving holidays without salary, leads all staff to smoothly overcome the wreak havoc of financial storm, until now the orders of this company have been recovered to nearly 80%, order visibility is also optimistic. However, the current situation is still in the state of slow recovery, the year 2010 should be the period of situation recovery.

Wen-Lung Hsiao, President of Forwell Precision Machinery Co., Ltd. indicated that, the past one year was really the most tough year in the global economic situation in recent 30 years, making global enterprises tumbled seriously. Take domestic machine tool industry as example, the manufacturers with operating income declined over 50% in 2009 reached at least 80%, even part of manufacturers were forced to leave the market or enterprise body and implement reorganization. Although present orders of Forwell has been recovered to nearly 80%, it is still not good enough to make the enterprises grow up, motive power is unable to be improved either, most of enterprises are still slightly powerless, especially for the machinery industry inflicted heavy losses in the financial storm.

Wen-Lung Hsiao said, this company will focus on constant research and development, technology improvement, implement educational training for staff, talent training and reservation to prevent against staff lacking when the economy is really recovered, enable to put into operation immediately and enter into market, meeting the market demand at any time. He also indicated that, economic bottom of machinery industry has been passed through, at present the industry of electronic technology has obviously recovered. Therefore, real recovery period of machinery industry will be the electronic relevant industries invest the next batch of production equipment. The economic recovery speed of plastic ejection forming industry will also be faster than stamping industry, machinery industry is expected to gradually walk out of the haze of financial storm in the next half year.