The opening ceremony of the Research Center for Hand Tools for the Next Generation, established cooperatively by YunTech and China Steel Corporation (CSC), took place on October 2^nd, 2014. Vice Minister Shen Jong-chin of the Ministry of Economic Affairs (R.O.C.), Chairman of the Board Tsou Jo-chi of CSC and President Hou Chun-kan were together to present the new research center to the world.

Dean Huang Yi-shin of the Department of Research and Development of China Steel Corporation and Associate Professor Cheng Jyun-chen of the Department of Mechanical Engineering were invited to deliver speeches. Furthermore, President Hou addressed that there were more than 500 hand tool manufacturers in Taiwan making hand tools from simple ones used in daily life, such as screwdrivers, to more sophisticated ones used in engineering and medicine. As one of the top 3 hand tool exporting countries in the world, the annual value of hand tool products from Taiwan has reached about NTD. 50-60 billion (roughly USD. 160.7-192.8 million). By cooperating with CSC, the research center aims to enhance hand tool manufacturing techniques and promote the development of hand tools. At the end of the ceremony, guests were invited to visits labs for hand tools and equipment.

YunTech combines the research resources of teachers from the Colleges of Design, Engineering and Management to establish a one-stop service. The College of Design is in charge of form design, the College of Engineering is in charge of manufacturing and improving practicality, and the College of Management is in charge of marketing, promotion and management. It is hoped that manufacturing techniques and the efficiency of the hand tool industry in Taiwan can be enhanced through this cooperation with CSC, thus increasing international competiveness and establishing the “YunTech” brand in the international hand tool industry.