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Taiwan Machine Tools | August 16, 2017

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Industry 4.0 at Timtos 2017

Industry 4.0 at Timtos 2017

Taiwan – The event, held early March in Taipei, hosted about 1,100 exhibitors from 21 countries and recorded 47,500 visitors from 90 nations.

Taipei International Machine Tool Show (TIMTOS) is Asia’s second largest and Taiwan’s largest metal processing equipment trade show. The theme for the recently held 26th edition was ”Industry 4.0+ & smart manufacturing for seamless industrial upgrades”. The inauguration witnessed the presence of leading players from the machine tool sector. David Chuang, Vice Chairman, TAMI said, “Timtos has become an important platform for machine tool companies around the world to showcase their latest models and technology prowess. It is also the go-to venue where buyers, home and abroad, source their machine tools.”

Timtos 2017 hosted over 30 seminars on innovative technology and product launches. These activities kept participants abreast on the latest information on machine tools and developments in the Industry 4.0 initiative and smart manufacturing. The key highlight of the event was the Summit that addressed four topics of smart machines; future factories; the automotive manufacturing revolution and the aerospace supply chain. It also included forums with a variety of panels from professionals who discussed the latest and most innovative trends and opportunities in manufacturing technology as well as applications.

Taiwan’s market scenario

In Asia, Taiwan is second to Japan when it comes to product quality and levels of technology. Habor Hsu, Chairman of Machine Parts & Elements Committee of TAMI said, “We have built a comprehensive supply chain, creating a tight-knit network of vendors and subcontractors.”

Elaborating further CC Wand, President of TAMI, noted, “Among Taiwan’s top 16 export destinations in January 2017, was China the largest one, with a value of $64.49 m, accounting for 26.5% of the total value and representing a YoY growth of 3.9%. The second-largest was the US, with $28.08 m, accounting for 11.5% of the total value and representing a negative YoY growth of 1.6%. The third largest was Turkey, with $11.54 m, accounting for 14.5% of the total value and representing a negative YoY growth of 14.5%.”

In January 2017, Taiwan’s machine tools export reached $243.42m, recording 12.9% YoY growth.

Source: http://www.etmm-online.com/

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