Machinery maker Hiwin Technologies Corp (上銀) has inaugurated its new Italian headquarters in Agrate Brianza, some 20 kilometers northeast of Milan.
The location will serve as a European hub for the company’s Italian subsidiary, Hiwin chairman Chuo Wen-hen (卓文恒) said in a statement yesterday.
The 17,000-square-meter site accommodates logistics and office space, multifunctional areas for education and training, as well as product displays and a customer reception, the company said.
Photo courtesy of Hiwin Technologies Corp
Its design incorporates solar power, smart lighting, air purification systems and organic coatings, the company added.
Hiwin set up its Italian subsidiary in 2013, which employs around 160 people and produces machine tools, packaging devices, automation equipment and semiconductor-related systems.
The company generated NT$6.379 billion in consolidated sales in the first quarter of this year, up 9 percent from a year earlier. Linear guideways accounted for 60 percent of its total sales, ballscrews 20 percent, and robotics 12 percent, according to company data.
Hiwin on May 8 reported net profit of NT$579 million (US$18.55 million) for the first quarter, the highest quarterly profit in six quarters and up 20 percent from a year earlier.
Earnings per share stood at NT$1.64, compared with NT $1.36 a year earlier, while gross margin came in at 31.94 percent, the highest since the fourth quarter of 2023, it said.
Shares of Hiwin rose 3.67 percent yesterday, and having soared about 107 percent since the beginning of this year, with investors hopeful about the prospects of an AI-driven pivot into robotics, analysts said.
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