These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
The domestic machine tool industry's improving outlook and increase of short-term, urgent orders has prompted sector experts to revise export figures this year. Taiwan Machine Tool and Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien highlighted the sudden increase of orders has factories loaded to capacity for Q2. The association met on Thursday to revise the industry export's ou...
The resurging domestic machinery industry is looking up. According to Taiwan Association of Machinery Industry (TAMI) chairman Alex Ko, the sector could see orders increase by 15% this year. Taiwan's January machinery equipment export value reached USD$2.671 billion, a 33.4% YoY increase, Ko said, signaling the resurging growth from last year's Q4 has maintained its momentum into 2021. YoY...
The machinery industry experienced a months-long slump as the COVID-19 outbreak shut down economies worldwide and stifled demand to an all-time low. However, things are looking up for the sector. According to the Chung-Hua Institution Economic Research's (CIER) report earlier this month, in Taiwan, manufacturing activity expanded for the seventh consecutive month in January, rising 3.8 compared t...
Whether Hon Hai Precision can successfully transition its business model will depend on its move into the electric vehicle (EV) sector, media reported. The alliance between Hon Hai and Taiwanese car maker Yulon will offer the former much-needed automaking experience. Coupled with Hon Hai's aim to redefine the EV market into a software-oriented ecosystem, the Taiwanese multinational electronics co...
▓Stephanie Chao With the industry undergoing development for over half a century, Taiwan's hand tools industry has grown into the world's second-largest export country, and one of Taiwan's most critical outbound-oriented industries by housing the entire production chain, from upstream to downstream and handling operations ranging from molding, heat treatment, forging, electroplating, and assem...
▓ Stephanie Chao The COVID-19 pandemic that upended the global economy, production chains and society has brought forth or accelerated irreversible change. Among the latest trends, digital transformation and new related technologies in automation and AI are the hottest topics and in the most urgent demand among companies in the hand tools and hardware industries. How would a traditional sector...
In collaboration with the Industrial Technology Research Institute, Tatung Corporation newly announced Taiwan's first indigenous electric bus-applicable "250kW powertrain system," on Jan. 28, after undergoing and passing testing from Taiwan's Automotive Research & Testing Center (ARTC). The newly unveiled system was first introduced as a winner of the 2020 29th edition of the Taiwan Excellenc...
Taiwan Machine Tool & Accessory Builders' Association (TMBA) Chairman Hsu Wen-hsien said Taiwan's machine tool industry has finally moved on from its slump since the majority of 2020 and the coronavirus pandemic outbreak. In 2021, Hsu expects to see substantial production and export growth in the industry, ranging from 15% to 20%, as demand increases in the Chinese and American markets. The re...
Taiwan Association of Machinery Industry (TAMI) reported Taiwan's machinery exports saw a four-month-consecutive growth as of December 2020, signaling a rebounding industry. However, TAMI also pointed out that the rebound is still stunted by a shortage of global shipping containers, causing delay and blockage at ports. The unstable Taiwan Dollar fluctuating more than usual has also limited the...
The virtual Taiwan International Machine Tool Show (TMTS Virtual) kicked off on Nov. 10 after organizers canceled the 6th edition offline version (TMTS2020) due to the COVID-19 pandemic. TMTS Virtual would be the world's first machine tool expo hosted in a digital 3D virtual format. Organized by the Taiwan Machine Tool & Accessory Builders' Association (TMBA), TMTS 2020 has 719 exhibitors on d...
