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Taiwan Smart Machinery | July 19, 2018

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Machine Tools

Leading machine tool makers post solid sales

2018-07-19 |

Bolstered by robust demand, leading machine tool makers Tongtai Machine and Tool Co (東台精機) and Goodway Machine Corp (程泰機械) reported double-digit annual revenue growth in the first half of the year.

Kaohsiung-based Tongtai saw sales last month grow 14.97 percent to NT$1.04 billion (US$34.12 million) from a year earlier, bringing cumulative revenue in the first half to NT$5.44 billion, up 27.5 percent from the same period last year. Read More

President chain opens second unmanned convenience store

2018-07-19 |

President Chain Store Corporation (PCSC), the largest convenience store chain in Taiwan, opened its second unstaffed store in Taipei Monday, eying the tremendous profit potential of such stores.

The second X-STORE, located in the bustling Xinyi District, operates round the clock in a bid to cash in on the large crowds of white-collar workers and students there, said Hsu Yi- hsiung (許義雄), chief of the company’s project management department. Read More

Taiwan is the World’s Fourth-Largest Exporter of Machine Tools

2018-07-19 |

Gardner Research published its rankings for the top machine tool producers, importers, and exporters in 2017 by country in its latest issue. With the rising demand from China for midrange products and automated manufacturing cells, Taiwan’s annual output value reached USD4.29 billion, ranked the 7th in the world, and annual export value reached USD3.35 billion, once again ranked the 4th largest exporter in the world. The consumption of machine tool in Taiwan reached USD1.78 billion in 2017 ranked the 9th in the world, while annual import value was USD840 million. Read More

Taiwan vows efforts to turn IoT into next NT$1 trillion industry

2018-07-19 |

While machinery production has become Taiwan’s third industry with annual production value of over NT$1 trillion (US$32.67 billion) in 2017 after going smart, the IoT (Internet of Things) industry is likely to become the country’s fourth industrial sector to achieve so, according to Taiwan president Tsai Ing-wen. Read More

Taiwan economy flashes green light for 4th straight month in May

2018-07-03 |

Taipei, June 27 (CNA) The local economy flashed a green light indicating steady growth for the fourth consecutive month in May, partly on the back of growing exports at a time of solid global demand, the National Development Council (NDC) said Wednesday. Read More

Taiwan’s machinery industry aims for NT$2 trillion output value

2018-07-03 |

The production value of Taiwan’s machinery industry is expected to grow by 5 percent to 10 percent this year, according to Chairman Alex Ko (柯拔希) of the Taiwan Association of Machinery Industry, who said Wednesday that the industry is aiming for an annual production value of NT$2 trillion (US$66.79 billion) in 10 years. Read More

TMTS to Highlight Smart Machinery in Taiwan

2018-07-03 |

TAICHUNG, Taiwan – Taiwan International Machine Tool Show (TMTS), hosted by TMBA, held biennially and this year it will be on a large scale in Taichung from November 7th to 11th, 2018.

The show’s chosen motto is “Manufacture Linking • Activate the Future". The smartification of machine tools links the industry to global smart manufacturing trends, enhances the competitiveness of end customers, and taps the capabilities of Taiwanese smart manufacturing in an effort to provide buyers with complete solutions. Read More

Advanced manufacturing tech needed for auto sector: TAITRA

2018-07-02 |

Chennai: With the presence of several automobile companies on the outskirts of the city, the need for advanced manufacturing technology was more in the region, an industry official said.  Read More

U.S.-China trade war not expected to hurt Taiwan machinery makers

2018-06-26 |

Taiwan’s machinery sector believes the decision by the United States to impose additional tariffs on US$50 billion worth of Chinese goods will not have an adverse impact on Taiwanese machinery makers operating in China. Read More

Taiwan Smart Machinery 4.0 Positions The Country As World Leader In Plastics

2018-06-11 |

Cloud-based Computing and Human Capital Increase Taiwan Plastics Production

ORLANDO, Fla. – Taiwan has become one of the world’s leading manufacturers of plastics products. Last year, the country generated more than $1.9 billion in revenue, positioning the country to become … Read More