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Taiwan Smart Machinery | July 17, 2018

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Machine tool show expected to create business worth US$2.1 billion

Machine tool show expected to create business worth US$2.1 billion

Taipei, March 3 (CNA) The 2015 Taipei International Machine Tool Show is expected to create at least US$2.1 billion-worth of business opportunities for exhibitors from home and abroad, organizers said Tuesday.

The machine tool trade fair kicked off at the Taipei World Trade Center, the Expo Dome of the Taipei Expo Park, and the Nangang Exhibition Hall that day and will run through March 8. The show is one of the top five machine tool exhibitions in the world and the second-largest in Asia, the organizers said.

The Taiwan External Trade Development Council (TAITRA, 貿協) and the Taiwan Association of Machinery Industry (TAMI, 台灣機械工業同業公會) are the two organizers of the biennial event.

The organizers said that as the size of the 2015 exhibition hit a record high, attracting a larger number of potential buyers, the event is expected to bring in US$2.1 billion in business opportunities, up from US$2 billion recorded in the previous exhibition.

In the 2015 event, a total of 1,015 local and foreign exhibitors are showcasing their innovations, which is expected to attract about 53,000 potential buyers, compared with 46,772 buyers in the previous exhibition held in 2013, they said.

Among the exhibitors, about 260 come from 18 foreign countries and regions, such as Germany, Italy, Japan, Switzerland, Spain, the United States and Russia, the organizers said.

A total of nine countries, including Turkey, Thailand, Brazil, the Philippines, South Africa, India and Vietnam, have organized 14 delegations of buyers to visit the machine tool fair this year, they said.

The organizers said they will arrange about 190 one-on-one meetings during the trade show in a bid to help exhibitors and potential buyers to strike deals.

According to TAMI statistics, Taiwan’s machine tool exports for 2014 totaled US$3.75 billion, up 5.8 percent from a year earlier.

China ranked as the largest buyer of Taiwan’s machine tools, buying US$1.22 billion-worth of Taiwanese goods, up 7.3 percent from a year earlier and accounting for 32.4 percent of the total exports, the statistics indicate.

The U.S. came in second, buying US$410 million-worth, up 3 percent from a year ago and making up 11.1 percent of Taiwan’s total exports, the data shows.

(By Jalen Chung and Frances Huang)


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