Page 36 - TTG-Taiwan Transportation Equipment Guide (TTG)2022-04 Edition

34
Supplier News

decided to purchase a plot of land behind the new demand for vintage car parts. Chan said that primary
factory to set up a storage facility for the molds. With market demands are coming from the European and
new equipment and facilities, Chan hopes to improve North American regions. He believes the situation
mold exchange times for better production efficiency. as seen from the pandemic shows that their initial
investment into the vintage car market was correct.
Labor Shortages Heavy on GM’s Mind While environmental issues are highly prioritized by

Similar to many developed countries around the governments, consumers, and markets alike, Chan
world, Taiwan is on track to experience labor shortages believes that maintaining different market demands
due to a lack of talent and low birth rates. Chan said and extending the product life span for these vintage
this is especially so in the manufacturing industry, and vehicles are also crucial.
the company has plans to work closely with academic
institutions to cultivate talents through relevant The company can fully supply the most diverse
channels. This will help elevate unemployment rates product line, with products adhering to international
and unburden the government, as well as offer an certifications and environmental regulations as the
opportunity for LC Fuel Tank to train management most standard requirements.
trainees.
A More Sustainable Outlook

The new factory’s upgraded equipment is imported In terms of product features, LC Fuel Tank’s
from Japan. Through 3D and 2D laser cutting, these surface treatment for its fuel tanks is based on
new technologies have helped reduce the time to procuring powdered-coating automated equipment
develop molds and improved their capacity to offer many years ago. The coating’s weather resistance
low-volume, high-mix orders. In addition, the newly property and thickness are reputably three times
assembled machinery robotic arms are also now better than the typical coating. Another feature of the
online, introducing semi-automated production at the coating technology is less environmentally harmful
new factory. and pollutive. While the equipment costs are still
higher than the standard machinery, LC Fuel Tank
COVID-19 Impacts believes the initial prices are worth the long-time value

Companies of all sizes and across different the equipment offers. Furthermore, they are worth
industries have faced various degrees of impact upholding their commitment to greener choices and
from the COVID-19 pandemic in the past two years. prioritizing employee health. These efforts are highly
For LC Fuel Tank, their shipments in the AM market recognized and lauded by international buyers.
saw some impact, Chan said, but he pointed out that
their market sales in fuel supply systems for vintage LC Fuel Tank exports a 95% majority of its products
cars had significantly increased instead, which to overseas markets and has made a name for itself
he attributed to WFH trends during the pandemic. in terms of branding in the international market. Apart
Consumers are more likely and more willing to spend from fuel tanks and fuel supply system parts, LC Fuel
time working on their vehicles and thus injecting high Tank offers a one-stop fuel solution for customers. For