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AirTAC International Group completed a successful initial public offering.
12/13/2010
AirTAC International Group(TSE:1590) completed a successful IPO with NT$88 per share. The company engaged in the pneumatic control elements (valves), pneumatic actuator (cylinder), air and auxiliary components manufacturing and sales operations in mainland China in 2009 reached 13% market share, second only to the world's first a major Japanese SMC 23%, and more than the German business world's second largest 12% of FESTO. Target is to have the next 10 years, sales in 2020 into the world's second largest sales amount squeezed into the world's top three, the group size of annual revenue to 150 million.
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