SYM VIET NAM

Taipei, Jan, 2003 (CENS)--San Yang Industry Co invested  NT$300 million to set up a world-class motorcycle R&D center in Hsinchu County in northern Taiwan.

The proposed R&D center will also venture into the design of new cars in the future. San Yang expects to spend over NT$1 billion per year for relevant motorcycle and car R&D works.

Over the past few years, San Yang has injected an average of NT$600 million per year for the R&D work. It has spent about NT$6 billion in the past decade to develop world class motorcycles, Huang Kuan-wu, company president, said.

San Yang estimates that its Taiwan plant will deliver 230,000 motorcycles in 2003, making it the No. 1 maker in Taiwan. The firm also expects its motorcycle production will hit the target of 1.5 million units per year, which will ranks the firm among the world's top five makers in the line.

Meanwhile, San Yang also expects to deliver 18,000 cars in 2003 and resume its position as one of top five car makers on the island.

Meanwhile, San Yang continued the development of its VMEP motorcycle plant in Vietnam. The VMEP plant is aimed at becoming San Yang's commercial motorcycle R&D center and will serve as a manufacture and components supply center in Southeast Asia, according to Huang.

Huang said that Taiwan's motorcycle industry is facing low-price competition from mainland China and the brand competition from Japanese counterparts. San Yang has to accelerate its R&D on related products, thus keeping its competitive edges in the market.

It is a must for San Yang to set up its own world class motorcycle components supply center. This will also help the firm reach the target of delivering 1.5 million motorcycles per year, Huang continued.

San Yang expects its motorcycle exports will exceed 30,000 units in 2003. Sales of its Vietnam and mainland plants will total 380,000 units this year.

BEST- SELLER PRODUCTS TO EXPORT

For more information please check the SYM Viet Nam