Manufacturing industry sector in Indonesia at this time is suspected to be back to the growth phase. This situation is of course very welcomed by the domestic manufacturing industry companies, thus making them re-excited ramped up production.
The nation’s machine tool exports rose 15.1 percent year-on-year in the first 11 months of the year, thanks to improving sentiment in the sector’s major markets, the Taiwan Machine Tool and Accessory Builders’ Association (TMBA, 台灣工具機暨零組件公會) said on Monday.
From January through last month, machine tool exports totaled US$3.02 billion, up from US$2.62 billion the previous year, data compiled by the Taichung-based association showed.
If you work with machine tools such as turning centers, 5-axis CNC mills, or grinding machines, you probably have some preconceptions about the quality of different machine tool manufacturers. Who makes a more accurate machine: Germany or Japan? Across the globe, whether it’s automobiles, electronics or industrial machine tools, some nations have a reputation for quality, precision and durability.
The major new development is creation of Taiwania Capital Management, a government-backed venture-capital operation.
Among the seven industries targeted in the government’s “5+2 Industrial Innovation Program,” the one starting with the strongest foundation is smart machinery.
Dr. Walter Yeh, president, Taiwan External Trade Development Council (TAITRA) shares interesting insights on the current machine tool market in Taiwan.
Taiwan’s president Tsai Ing-wen has ambitions to make the country a global manufacturing hub for intelligent machinery and high-end equipment. What are the initiatives undertaken to achieve this goal?
Shares of Tong-Tai Machine Tool Co., Ltd (TPE:4526) closed at 20.55 yesterday. Tong-Tai Machine Tool Co., Ltd currently has a total float of 254.83 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 20 and high of 23.7.
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.