Taiwan 60 Hz: Smart Machine Tools on Dadu Mountain

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Victor Taichung Machinery Works was launched in 1954 in a 15 m2 sheet metal house in Taichung. It marked its entry into Taiwan’s precision machinery industry when founder Huang Chi-huang built the company’s first shaper. Huang Chi-huang’s son, Bert Huang, grew the firm into a listed company with a market value of more than NT$20 billion. However, aggressive financial leverage compounded with the 1997 Asian financial crisis brought the company down to earth with a bump, and the once model company of Taiwan’s machine tool industry was NT$6.7 billion in debt. Bert Huang laid down plans and managed to persuade a coalition of banks to assist in the company’s restructuring. After the company made its final repayment in 2013, the restructuring process finally drew to a close. Today, the machine tool industry pioneer continues to thrive.

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