The Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday opened its first Taiwan Expo in Vietnam’s Ho Chi Minh City in a bid to help Taiwanese firms expand their foothold in the Vietnamese market.
The event, which is scheduled to run until tomorrow, is the first TAITRA business-to-business exhibition to present only Taiwanese products in the country.
Driven by improving demand and steady global economic recovery, the nation’s manufacturing output in terms of revenue is expected to grow 3.87 percent to NT$17.54 trillion (US$576 billion) this year, the Industrial Technology Research Institute’s (ITRI, 工研院) Industrial Economics and Knowledge Center (IEK, 產業經濟與趨勢研究中心) said yesterday.
The forecast was 0.67 percentage points higher than IEK’s previous estimate in April of 3.2 percent growth.
The government should be more pragmatic when encouraging local machinery makers to develop “smart machinery” technologies, Hiwin Technologies Co (上銀科技) chairman Eric Chuo (卓永財) told a forum in Taipei yesterday.
Only through close integration of robots, Internet of Things (IoT) and artificial intelligence (AI) applications can the manufacturing sector manage to achieve maximum smart production synergy highlighted in the upcoming era of Industry 4.0, according to an industry expert.
MTA VIETNAM 2017 will be held from July 4 to 7 at the Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City. The yearly exhibition has been consecutively held for the past 15 years, with its scale expanding every year. This event has become the largest professional international exhibition in Vietnam. It is estimated that this year the number of exhibitors will exceed 420 and attract more than 12,000 professional buyers from around the world.
MTA VIETNAM 2017 will be held from July 4 to 7 at the Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City. This year, 32 Taiwanese machine tool makers will be exhibiting at the show, which also makes this the largest ever group of Taiwanese exhibitors to join the event.
Machine toolmaker Goodway Machine Corp (程泰機械) yesterday said it plans to allocate NT$2 billion (US$65.93 million) for the development of “smart” machinery in the coming two years in a bid to offset rising labor costs.
“We have to put effort into ‘smart’ machinery, as production costs will inevitably rise,” company chairman Edward Yang (楊德華) said at a media gathering in Taipei yesterday, citing the aging population as one of the industry’s challenges.
Taipei, May 26 (CNA) Exports of Taiwan-made machinery rose more than 10 percent in the first four months of 2017 from a year earlier, bolstered by strengthening global demand as the world economy continues to recover.
Taiwan’s machinery exports totaled US$7.6 billion in the January-April period, up about 13 percent compared with the same period a year earlier, according to Ministry of Economic Affairs (MOEA) figures released Friday.
A special VR product launch event held during Metalloobrabotka 2017 featuring the machine tool and metalworking innovations of Taiwan’s machinery makers wowed the attending buyers, VIP guests and local media.
Held entirely in VR, the launch event took the 50 attending guests, all wearing VR headsets, on a virtual tour of the various new manufacturing solutions developed by Taiwanese companies.
India is actively wooing foreign investors for its fast-growing economy and market. With a population of 1.3 billion, many of whom are keen to upgrade their consumer electronics, the South Asian nation presents huge business potential for Taiwanese firms seeking to cut their dependence on China and deepen their presence elsewhere in Asia. India-Taipei Association Director-General Sridharan Madhusudhanan shared his views on how Taiwan and India could build each other up economically during an exclusive interview with ‘Taipei Times’ staff reporter Crystal Hsu at his office yesterday morning