Material shortages Taiwan Machine Tool & Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien has named shortages in the machine tool industry as the biggest concerns that could impact the sector's revitalizing efforts in the short term, according to media reports on Thursday. The machine tool sector was booming from orders coming in during the latest three quarters, however, Hsu p...

The Industrial Technology Research Institute (ITRI) IEKCQM, having reviewed the political and economic situations at home and abroad, released its report for Taiwan's manufacturing 2021 forecast on Thursday. ITRI predicted the manufacturing output value this year will hit TWD$20.92 trillion, and the output value growth rate will be 10.03%. All industries are showing positive growth, among the...

Taiwan Machine Tool & Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien said on Wednesday that the most worryingly concern the domestic COVID-19 outbreak posed to the industry would be the potential impact on the supply chain. A shortage of the workforce and the longer delivery time would mean that customers may gradually switch orders, Hsu said. Any advantages that Taiwan gained o...

Since the beginning of this year, the prices of various raw materials including steel, petrochemicals, cement, paper pulp, glass, etc. have been rising simultaneously. However, market watchers have pointed out that the latest trends are not short-lived, and could be here to stay. The raw material market has been reorganizing for a period of time, leading to many low-end production capabilities be...

Taiwan's machine tool industry is experiencing a squeeze from all fronts as the COVID-19 situation in Taiwan and overseas is worsening. Taiwan Machine Tool & Accessory Builders' Association Chairman Hsu Wen-hsien remarked that while the industry reported order visibility well into Q3, exchange losses, rising costs for shipping, materials, and labor shortage made it difficult for suppliers to pr...

Taiwan's industrial production has maintained a steady growth since it rebounded last year, as the world had gradually opened up after almost a year of the COVID-19 pandemic. For instance, the island's Ministry of Economic Affairs had reported that industrial production growth in February rose almost 3 percent from a year earlier, and also saw an increase of sales for plastics/rubber products...

February's manufacturing forecast index shone green, representing stable growth, reported the Taiwan Institute of Economic Research (TIER). The outlook index changed from yellow-red, showing fast growth, to maintaining stable growth. The latest outlook indicates fewer working-days in February due to the Lunar New Year holidays, leading to lower indexes in February compared to January and weak...

Industry-acclaimed expo TIMTOS 2021's online version gained over 120,000 visits during the six-day exhibition period since March 15, show organizer Taiwan External Trade Development Council (TAITRA) reported. TIMTOS 2021 Online interactive mode, which allows buyers to connect with exhibitors, wrapped up on March 20, though the online platform will continue to be up until April for viewing onl...

The Taiwan Association of Machinery Industry (TAMI) assembly elected its 29th chairperson and board members on March 25, seeing outgoing chairman Alex Ko handing over the mantel to the new chairman, Fong Kee International Machinery Co., Ltd. Chairman Wei Tsan-wen. Ko said under President Tsai Ing-wen's support, the administration included the smart machinery sector in the "5+2 Innovative Indu...

Taiwan Association of Machinery Industry (TAMI) announced export figures for machinery equipment in the past two months on Wednesday, boasting USD$4.718 billion in export value, a YoY 25.4% increase. In New Taiwan dollars, that would be 134.07 billion, an 18.7% growth. TAMI reported that suppliers' order visibility now lies in Q3, signifying a strong rebound in the market. What's critical is ...