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The International Woodworking Fair® is North America’s largest woodworking technology and design trade show and conference and a top destination for the global woodworking sector. IWF delivers the latest solutions in architectural woodwork, cabinetry, flooring, furniture manufacturing, engineered products, doors, windows, machinery, tools, metals, plastics and more. IWF is where the woodworking business does business. OAV has more than 43 years of relevant experience; specializing in the production of advanced woodworking machinery such as push table saws, edge banding machines, welt machines, drilling machines, band saws and dust removal equipment, CNC and so on. 99% of the machines are sold overseas in 65 countries and more than 120 dealers. Products are distributed all over the world to meet the various requirements of customers. We are committed to providing customers with solutions for various types of panel furniture and system cabinets. Welcome to visit【OAV online exhibition】 Popular Recommended Products MAX370A PLUS Edge Banding Machine OAV's Edge Bander MAX370A is the industrial choice with CORNER ROUNDING function which brings you the perfect high-quality result on the workpiece. In coils up to 3mm thick, and strip up to 4mm thick, this affordable machine is equipped with 1.2KG capacity glue tank, premilling, auto gluing, edge cutting, end trimming, flush trimming and scraping, and buffing functions. Read More A400M Panel Saw (Sliding Table Saw) Read More MAX350M Edge Banding Machine Read More MAX370M Edge Banding Machine Read More Contact Info +886-4-2620-1188 Contact Us Ching-shui Factory No. 96 Wu-tso 1st Street, Ching-shui Dist., Taichung City 436043, Taiwan +886-4-2620-1188 +886-4-2620-1199 oavsales@oavequipment.com Shengang Factory No.352-1, 12th Neighborhood, Shencing Rd., Shengang Dist., Taichung City 429014, Taiwan +886-4-2563-1088 +886-4-2563-2822 oavsales@oavequipment.com
BANGKOK, Aug. 17, 2022 /PRNewswire/ -- Thai and foreign companies filed a total of 784 applications for investment promotion during the first six months of 2022, an increase of 4% from the year earlier period, while the combined investment value of 219.7 billion baht (US$ 6.2 billion). Investment applications in target industries accounted for 70% of total investment value in the first half, with 358 projects worth a combined 153.5 billion baht. Thailand Board of Investment (BOI) Secretary General Ms. Duangjai Asawachintachit announced today after a Board meeting the approval of incentives to promote investment in the high-precision machinery industry, and reported that applications for investment promotion filed during the first half of 2022 amounted to a combined value of 219.7 billion baht (US$ 6.2 billion). The automotive and digital sectors saw the highest growth rates during the six-month period, Ms Duangjai said. EV applications also contributed to place the automotive sector on top in terms of investment value with a combined 42.4 billion baht, an increase of 212% over the year earlier period. Meanwhile, the value of investment applications in the digital sector grew by 202% to 1.45 billion baht. During the first half, 395 projects were foreign direct investment (FDI) applications with a combined value of more than 130 billion baht. Taiwan was the main source of FDI applications during the period with 19 projects, worth a combined 38.5 billion baht, accounting for 30% of FDI project value. Next came Japan, mainland China, the US and Singapore, with investment value of 16.9 billion baht, 15.5 billion baht, 11.3 billion baht and 8.7 billion baht respectively. In terms of investment locations, Thailand's Eastern Economic Corridor (EEC), Thailand's prime industrial area, continued to attract the biggest chunk of applications with a total of 217 project worth over 104.9 billion baht. Investment applications for productivity enhancement incentives continued to grow, particularly those investing in in-house renewable energy production and the use of automation systems, in line with the global sustainability trend which focuses on reducing effects on climate change. "Though the global economic outlook faced increased challenges in the first half of the year, we will continue to monitor the situation and adjust our policies and incentives to ensure Thailand remains the resilient destination of choice for global investors in fast growing sectors such as electric vehicles," BOI Secretary General Ms. Duangjai Asawachintachit told reporters after a board meeting. Incentives to further support high-tech industries The Board approved the addition of new BOI categories with attractive incentives to support the use of new technologies, namely manufacture and repair of high-precision machinery, equipment and parts (8-year CIT exemption), additive manufacturing (5-year CIT exemption), and production of electronics parts using microtechnology (8-year CIT exemption). "These new categories will help enhance Thailand's attractiveness as a location for the high-precision machinery industry which has experienced a high growth recently and will also support the growing demand for micro parts and the move towards additive manufacturing", Ms. Duangjai said. Relaxation of feasibility study requirements As part of BOI's efforts in facilitating BOI application process, the Board has approved the relaxed threshold for feasibility studies to be submitted along with BOI applications. Following the relaxation, feasibility studies will only be required for projects with an investment value of 2.0 billion baht or more (excluding the cost of land and working capital), compared to 750 million baht previously. "This change aims at further streamlining BOI application process and reducing transaction costs for investors", Ms. Duangjai said. Project approvals The BOI board meeting held today approved applications worth a total of 44.5 billion baht, as per the following details: - A Chinese investment project received approval for a 17.9 billion baht investment to produce battery electric vehicles (BEV) as well as plug-in hybrid electric vehicles (PHEV) in Rayong province, in the EEC area. - PTT PCL received approval for a 18 billion baht investment in a natural gas production project located at Map Ta Phut Industrial Estate in Rayong Province - Two companies, namely Santi Bhum Co., Ltd. and Thitti Bhum Co., Ltd., received approvals for investments of 4.3 billion baht each in container ships. For more information, please contact:Thailand Board of InvestmentTel. +66 (0) 2553 8111Website: www.boi.go.thYouTube: Think Asia, Invest Thailand
Asian Automation Online Exhibition 2022 (AAOE 2022), jointly organized by AsianNet / TradeAsia, will be grandly exhibited from August 24, 2022. The exhibition will last for three months until November 30, 2022. During this period, TradeAsia will vigorously carry out global promotion to increase the exposure of the exhibition venue and the reach of buyers to gain visitor traffic. After the exhibition period, we will retain the online exhibition information to obtain the spillover effect of international marketing for a long time. AAOE 2022 is for global industrial automation products buyers. The exhibition time is in line with the schedule of Taipei Automation 2022, held by Taiwan External Association in Taipei World Trade Center. It is convenient for international buyers to visit and compare at one time. Due to the continuous fever of the Covid-19 epidemic, the quarantine of international travel has affected buyers to visit the exhibition in person. Buyers from far and wide can easily browse online pavilions. It is currently the most friendly and effective international marketing model. TradeAsia invites dozens of Taiwanese professional computer and machinery automation and spare parts suppliers to participate in the exhibition. Manufacturers and product categories have covered: General Industrial Equipment, General Mechanical Component, Industrial Computer & Accessory, Industrial Supporting Machinery, Electromechanical Component, Machine Tool, Material Handling Equipment, Measuring & Testing Instrument, Pipe & Fitting, Pneumatic & Air Tool, Power Tool, Relay, Robot & Automation Systems, Wireless & IoT, Computer Software with thousands of latest products and parts on display. Products are dazzling and worth visiting. In addition, TradeAsia attaches great importance to the integration of physical and virtual. Under appropriate circumstances, we will invite manufacturers to exhibit physical together to establish a win-win exhibition model that integrates virtual and real. Due to the epidemic situation this time, we will only provide online exhibitions. AAOE 2022 Online Exhibition： https://www.etradeasia.com/online-show/12/Asian-Automation-Online-Exhibition-2022.html In the epidemic, the flow of international personnel has decreased, and traditional exhibitions are significantly hind. Online activities for global trade promotion have become mainstream. At present, most international trade shows provide a variety of online expositions, including webpages, electronic catalogs, or virtual exhibition venues, which allow international buyers to visit even if they are thousands of miles away easily. It will not be affected by long travel and quarantine. AAOE 2022 has also planned a series of online exhibition schemes. We will provide exhibition webpages, electronic catalogs, etc., and link products and exhibitor information to TradeAsia, so that buyers can easily browse and touch. TradeAsia has provided B2B international trade services for buyers and sellers since 1997. It is the most experienced and professional trade platform in the world. We currently have millions of global members, more than 600,000 suppliers, and millions of the latest products. Thousands of professional buyers worldwide find products and contact sellers for business cooperation every day. TradeAsia is a significant trade promotion channel in Asia. TradeAsia has also established cooperative relationships with hundreds of trade entities worldwide, exchanging marketing promotion exposures. Therefore, suppliers have a good chance to spread information to global platforms or exhibition entities simultaneously. By this effort, we will significantly increase participation with global marketing power. AAOE 2022 will also be broadcast globally. News Contact： Doreen Chen Marketing Manager of TradeAsia 886-3-5770775 ext.221
Orders on hand increase to around €770 million Revenue increase by around 21 percent Full-year guidance for 2022 remains subject to change COLOGNE, GERMANY - EQS Newswire - 11 August 2022 - After a successful start to the year, DEUTZ – one of the world's leading manufacturers of innovative drive systems for off-highway applications – continued to benefit from the sustained recovery in relevant downstream industries in the second quarter and improved its earnings in the first half of 2022. The outbreak of the war in Ukraine has not had a negative impact on demand so far. In this respect, it is proving favorable for DEUTZ that business activities in Russia, Belarus, and Ukraine account for only around €20 million of total annual revenue. Moreover, DEUTZ has no branches in Ukraine or Belarus and also no direct suppliers based in the crisis regions. "In spite of the outbreak of the war in Ukraine, we increased our revenue by around 21 percent to €930.4 million. At the same time, we raised our adjusted EBIT margin by 2.4 percentage points to 4.6 percent. We want to sustain this growth because we still have a long way to go to reach our envisaged target range. But we have taken the first important steps toward achieving this goal, for example by strengthening our focus on disciplined cost management," says CEO Dr. Sebastian C. Schulte. Looking ahead to the second half of 2022, he adds: "Our orders on hand totaled more than three-quarters of a billion euros at the end of June and were thus at a very high level. This means that we are tackling the coming months from a solid position. Nonetheless, our full-year guidance is still subject to change. The supply situation remains challenging and the geopolitical implications of the war in Ukraine are very uncertain. The trajectory of macroeconomic conditions is a cause for concern and highlights once again that we need to make DEUTZ even more resilient to economic downturns. However, we are making good progress on this front." As well as a healthy operating performance, DEUTZ reached further strategic milestones. At the start of 2022, the Company initiated a multi-phase strategy process called Powering Progress in order to secure its long-term competitiveness. Its objectives include improving the Company's commercial performance and technological capabilities. To this end, four priority areas of action were defined together with a range of sub-initiatives, such as passing on increased costs to customers in the short term in the form of multiple rounds of price increases and establishing a process to completely overhaul pricing in the Classic business. The aim for 2022 is to implement price increases of between 8 and 12 percent for the new engine portfolio. DEUTZ also set itself the target of increasing the amount of annual revenue generated by its high-margin service business to over €500 million by 2025 through both organic growth and growth by acquisition. Two initial acquisitions for the service business were made at the start of May, with DEUTZ acquiring its former service partners AUSMA Motorenrevisie B.V. (Netherlands) and South Coast Diesels (Ireland). The two companies sell and service diesel engines in their home markets, where they operate as multi-brand dealers. The newly launched strategy program also aims to accelerate the development of alternative drive solutions. At the end of June, DEUTZ reached a key milestone on the path toward preparing its TCG 7.8 H2 hydrogen engine for volume production. An H2 genset has gone into operation in a joint pilot project between DEUTZ and Cologne-based energy provider RheinEnergie. The combination of a DEUTZ hydrogen engine and a generator will deliver electric power of up to 170 kilovolt-amperes during the initial six-month test phase. This electricity will be fed directly into the local power grid. In a second step, the genset's waste heat is to be utilized. The solution being piloted by DEUTZ and RheinEnergie has huge potential for the local, carbon-neutral supply of energy in urban centers. With an output of around 200 kilowatts, the hydrogen engine is generally suitable for all current DEUTZ applications. Volume production of this engine model is scheduled to begin in 2024. Solid rise in new orders; double-digit increases in unit sales and revenue In the first half of 2022, new orders received by DEUTZ increased by 4.7 percent year on year to €1,077.6 million. All regions contributed to this growth. Orders on hand climbed to a substantial €768.9 million as at June 30, 2022 (June 30, 2021: €531.3 million). This points to a consistently stable order situation in the months ahead. The proportion of orders on hand attributable to the service business stood at €36.6 million (June 30, 2021: €35.1 million). Having sold a total of 108,741 engines, the DEUTZ Group grew its unit sales by 16.1 percent in the first half of 2022 with the two largest sales regions, EMEA and the Americas, contributing double-digit percentage growth. Unit sales of DEUTZ engines[1] rose by 19.9 percent to reach 90,462 engines sold. Unit sales of electric boat drives at DEUTZ's subsidiary Torqeedo were slightly higher year on year at 18,279 (H1 2021: 18,196 electric drives). All the major segments generated significant growth, with Material Handling making the largest contribution to unit sales growth in absolute figures. Reflecting the growth in unit sales, DEUTZ's revenue swelled by 20.8 percent to €930.4 million in the reporting period. This rise was driven by all regions and major application segments. Only the Miscellaneous application segment fell short of the figure for the prior-year period. This was due to lower revenue from engines with capacities over 8 liters and from older engine series, which the increase in revenue from electric boat drives at DEUTZ subsidiary Torqeedo could not offset. Strong improvement in profitability Despite a rise in research and development spending, EBIT before exceptional items (adjusted EBIT) improved significantly to €42.6 million in the first half of 2022, compared with €16.8 million in the prior-year period. This rise was mainly attributable to growth in the volume of business, economies of scale, and the effects of cost-saving measures. The impact of additional costs stemming from persistent supply bottlenecks and higher materials prices is being increasingly mitigated thanks to these costs being passed on to our customers through price increases. In addition, DEUTZ benefited from positive currency effects. However, the Group's adjusted EBIT was once again squeezed by the loss reported by DEUTZ subsidiary Torqeedo, which has not yet managed to break even. The adjusted EBIT margin made a strong year-on-year improvement from 2.2 percent to 4.6 percent. The increase in adjusted EBIT meant that net income before exceptional items improved to €34.0 million (H1 2021: €14.0 million) while earnings per share before exceptional items rose to €0.28 (H1 2021: €0.12). Financial position remains comfortable Cash flow from operating activities amounted to €14.6 million in the first half of 2022 (H1 2021: €44.7 million). This reduction was predominantly driven by the need to increase inventories in order to manage the significant expansion in the volume of business and longer sea freight times and to secure production in a challenging procurement environment. As a result of the decrease in cash flow from operating activities, free cash flow amounted to minus €24.7 million. This equated to a deterioration of €34.4 million compared with the first half of 2021. As a result of drawing down an existing credit line in an amount of around €60 million, net financial debt rose to €123.2 million as at June 30, 2022. This equates to an increase of €43.5 million compared with the end of 2021. The equity ratio stood at 44.5 percent, compared with 45.6 percent at the end of 2021. The DEUTZ Group's financial position therefore remains comfortable. The unused volume of the syndicated loan stood at around €155 million at the end of the reporting period. DEUTZ thus has sufficient financial means to be able to fund its operating business, invest in its transformation, and generate growth through acquisitions. Guidance for 2022 still subject to change due to persistently high levels of uncertainty Although the outbreak of the war in Ukraine did not have a material adverse impact on demand in the first half of 2022, the geopolitical implications of the war and its future trajectory are still creating significant uncertainty that does affect DEUTZ, for example with regard to energy and commodity prices, the availability of materials and freight capacity, and the possibility of Russia cutting off the supply of gas to parts of Europe. For this reason, the guidance published in the 2021 annual report for the full 2022 financial year continues to be subject to change. After discontinuing all new engine business with Russia and Belarus until further notice immediately after the outbreak of the war in Ukraine, DEUTZ decided to go one step further by suspending all technical and sales activities in these markets. The interim report for the first half of 2022 is available on our website at www.deutz.com/en/investor-relations. DEUTZ Group: Overview of key figures € million H1 2022 H1 2021 Change Q2 2022 Q2 2021 Change New orders 1,077.6 1,028.8 4.7% 568.0 564.0 0.7% Group unit sales (units) 108,741 93,627 16.1% 58,726 55,243 6.3% thereof Torqeedo 18,279 18,196 0.5% 11,825 12,061 -2.0% Revenue 930.4 770.2 20.8% 482.5 426.8 13.1% EBIT 35.5 16.1 120.5% 26.5 15.7 68.8% thereof exceptional items[2] -7.1 -0.7 914.3% -0.3 -0.3 0.0% Adjusted EBIT (EBIT before exceptional items) 42.6 16.8 153.6% 26.8 16.0 67.5% EBIT margin (%) 3.8 2.1 +1.7pp 5.5 3.7 +1.8pp EBIT margin before exceptional items (%) 4.6 2.2 +2.4pp 5.6 3.7 +1.9pp Net income 28.0 13.3 110.5% 21.2 14.2 49.3% Net income before exceptional items 34.0 14.0 142.9% 21.5 14.5 48.3% Earnings per share (€) 0.23 0.11 109.1% 0.17 0.12 41.7% Earnings per share before exceptional items (€) 0.28 0.12 133.3% 0.18 0.12 50.0% Equity (Jun. 30) 620.8 555.1 11.8% Equity ratio (Jun. 30, %) 44.5 44.3 +0.2pp Cash flow from operating activities 14.6 44.7 -67.3% 4.9 27.6 -82.2% Free cash flow -24.7 9.7 - -19.8 11.4 - Net financial position (Jun. 30) -123.2 -84.3 46.1% Employees[3] (Jun. 30) 4,946 4,631 6.8% [1] Excluding electric boat drives from DEUTZ subsidiary Torqeedo. [2] Significant income generated or expenses incurred outside the scope of the Company's ordinary business activities that are unlikely to recur. [3] Number of employees expressed in FTEs (full-time equivalents); including trainees, excluding temporary workers. Hashtag: #DEUTZAGThe issuer is solely responsible for the content of this announcement.About DEUTZ AGDEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world's leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to hybrid and all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks and lifting platforms, commercial vehicles, rail vehicles, and boats used for private or commercial purposes. DEUTZ has around 4,750 employees worldwide and over 800 sales and service partners in more than 130 countries. It generated revenue of around €1.6 billion in 2021. Further information is available at www.deutz.com.
OAV has been your truly partner and supporter for more than 40 years. We have gone through the good times and bad times, shared sweat and smiles together with you in the past years. Like our Taiwanese ancestor, sailing through billowy Taiwan Trait without any fear, OAV will stand strongly and faithfully here with our customers’ sides, rain or shine. Especially during the hard times of COVID 19 and economic recession, OAV will keep our original faith, try our best to help and listen to our customers’ needs eagerly. No matter what adversity faced in the future, OAV will fight side by side with you. Click and watch the video below and you will understand the core values which OAV always sticks to: Core Value 1: Proper preparation brings the most stable and reliable machines to our customer. Imagine you press a button to start the machine, all the process of edge banding is done with credibility at once. You just need to sit, enjoy a glass of red wine elegantly, and wait for a perfectly edged panel to be delicately completed. This scene is not a dream. It’s exactly what OAV’s edgebander could offer! Look! How stable and elegant the conveyance process is! There is not even any drop of wine spraying out during the process! Why are we able to achieve this stabilization? Due to the modularization design, OAV can carefully inspect on every unit inside the machine, insist on using best components, and test for 4-6 hours' testing before every delivery. Proper preparation brings perfection and elegance, and dedication brings the best quality of stability and reliability! Core Value 2: OAV challenges the limit, brings simplicity, user-friendly functions, and best quality together. OAV’s edgebander is small but complete in every detail. For example, our MAX370P edgebander includes multifunction, such as pre-milling cutters, 1.2L capacity glue pot, edge cutting, end trimming, flush trimming, corner rounding, radius scraping, and buffing, inside the total machine size of 3960 x 720 x 1748 mm. And our MAX350M is even smaller! The mini but qualified machines can help customer save space and energy up to 50%, and ensure affordability! Besides, we design the touch panel with easy-to-use icons and operating procedures. Also, we ensure each unit is easy to remove for fixing and replacing. By the simplicity and user-friendly design of our machines, OAV insists on keep only the most importance and best part for our customer! Core Value 3: OAV is a big team, cooperating to be a “goal achiever” for our customers. By continued employee education, OAV has trained all the family inside the company to build a strong team, aiming to solve customers’ problems and satisfy customers’ needs. Thus, we are very proud to claim that, we will respond to customers’ issues in 24 hours for online service, and we will send spare parts to our customers’ hands in 7-10 days. Quick and best service rely on our faith of which we want to provide customers’ the most extraordinary consumer experience. Remember, OAV is your most truthful and reliable friend and partner, now and forever. Finally, we want to say. OAV has a dream that customers are able to purchase and enjoy a best-qualified, compact, user-friendly and affordable edge banding machine someday. To achieve this dream, we will dedicate our 100% effort in sales, development and production continuously. We together with our customers, our best friends, to create a better future for the industry of woodworking machinery! If you want to know more about OAV’s products and service, please contact with us as follow information. Ching-shui Factory No. 96 Wu-tso 1st Street, Ching-shui Dist., Taichung City 436043, Taiwan +886-4-2620-1188 +886-4-2620-1199 oavsales@oavequipment.com Shengang Factory No.352-1, 12th Neighborhood, Shencing Rd., Shengang Dist., Taichung City 429014, Taiwan +886-4-2563-1088 +886-4-2563-2822 oavsales@oavequipment.com
OAV was established in 1980 with a goal to provide the highest level of customer satisfaction. This is our total focus and we have developed our organization to achieve this goal. We invest continually in research and development, quality control, and education in order to ensure our team members to achieve this goal. Our greatest strength at OAV is our dedication to offering the best possible service to meet the needs of customers all over the world. OAV Edge bander will move towards intelligent machinery and digital transformation, manufacture more environmentally friendly and energy-saving machinery, and jointly protect the earth, move towards sustainable development, and create prosperity together. 【Relevant Information】 MAX330, MAX340M, MAX350M, MAX370M edge bander are available in single-phase with super finishing to help maximize potential and capacity. Designed to exact standards with a focus on reduced footprint, these machines are ideal for shops that demands precision in a limited workspace. MAX340, MAX350, MAX370 is industrial type equipped with a user-friendly touch screen control. The PLC parameter setting & operating controls ensure reliable and stable working conditions to provide consistent & high-quality results. This is the ultimate edge banding solution to optimize your investment and take your production output to the next level. Welcome to visit us : https://www.oavequipment.com No.352-1, 12th Neighborhood, Shencing Rd., Shengang Dist., Taichung City 429014, Taiwan Tel : +886-4-2563-1088 Fax : +886-4-2563-2822 Email :oavsales2@oavequipment.com
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