Page 45 - TTG-Taiwan Transportation Equipment Guide (TTG) 2022-09 Edition

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Supplier News

online, introducing semi-automated production at the The company can fully supply the most diverse
new factory. product line, with products adhering to international
certifications and environmental regulations as the
Global Impacts most standard requirements.

As a year optimistically touted as a recovery A More Sustainable Outlook
year after two years of setbacks from the COVID-19
pandemic, the material shortages, price hikes, and the In terms of product features, LC Fuel Tank's
Russian invasion of Ukraine has prompted industries surface treatment for its fuel tanks is based on
to scale back their expectations for a strong economic procuring powdered-coating automated equipment
rebound. For LC Fuel Tank, their shipments in the AM many years ago. The coating's weather resistance
market saw some impact due to the pandemic, Chan property and thickness are reputably three times
said, but he pointed out that their market sales in better than the typical coating. Another feature of the
fuel supply systems for vintage cars had significantly coating technology is less environmentally harmful
increased instead, which he attributed to WFH trends and pollutive. While the equipment costs are still
during the pandemic. higher than the standard machinery, LC Fuel Tank
believes the initial prices are worth the long-time value
Consumers are more likely and more willing the equipment offers. Furthermore, they are worth
to spend time working on their vehicles and thus upholding their commitment to greener choices and
injecting high demand for vintage car parts. Chan said prioritizing employee health. These efforts are highly
that primary market demands are coming from the recognized and lauded by international buyers.
European and North American regions. He believes
the situation as seen from the pandemic shows that LC Fuel Tank exports a 95% majority of its products
their initial investment into the vintage car market to overseas markets and has made a name for itself
was correct. While environmental issues are highly in terms of branding in the international market. Apart
prioritized by governments, consumers, and markets from fuel tanks and fuel supply system parts, LC Fuel
alike, Chan believes that maintaining different market Tank offers a one-stop fuel solution for customers.
demands and extending the product life span for these For instance, costs for repairing and maintenance of
vintage vehicles are also crucial. fuel tank systems can end up quite high due to parts