A New Zealand security system maker is seeking to expand its presence in Taiwan given the growing demand for better security in the country, the company’s top executive said recently.
“Taiwan we see as an attractive market” because of its high living standards and appreciation for technology, said William Gallagher, chairman and chief executive officer of the Hamilton-based Gallagher Group.
Gallagher, who was in Taipei to attend an international security sector exhibition, said his firm is currently working with G4S, ProVision Technology Co and Sunsky International on several security projects in Taiwan.
The projects focus on critical infrastructure such as airports and seaports, he said.
High-tech manufacturers, banks and commercial buildings are also potential customers, he added.
The international security industry is growing at a pace of about 8 percent to 10 percent a year, Gallagher said.
The money spent on security tends to increase as living standards improve because people can better afford to protect their property, he said.
The Gallagher Group was founded 75 years ago by Gallagher’s father, Bill, a farmer who began making his own tractors and expanded into animal control systems for his own farm and then others.
It is a provider of innovative solutions for animal management, access control, perimeter security, fuel systems and contract manufacturing
It has about 1,000 employees around the world, more than 10 percent of whom are in research and development, Gallagher said.
He predicted that the global security market would continue to grow even during a recession.
“When times get tough, crimes in some areas increase,” he said.
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