TIMTOS 2015 Successfully Closed Foreign Buyers UP! Orders UP!
Taipei, March 15, 2015: Success was in the air when TIMTOS wrapped up on March 8th with a full slate of records. This 6-day event, also called the 2015 Taipei International Machine Tool Show, attracted 7,130 foreign buyers, an increase of 8.3% on the previous show in 2013.
But the briskness of tangible orders is the big story. This expo with follow-up business is projected to top US$2.1 billion. The prime drivers of these orders were the Procurement Meetings that generated US$35 million. They were led by 29 elite buyers from 18 countries, including China, India, Turkey and Russia who conducted 171 negotiations with 73 Taiwan suppliers.
“On day one we raised the show sales target to NT$200 Million from NT$100 Million, stated Dr. CHU CHIH-YAUNG, Chairman of Fair Friend Group. “Hot items included a RMB120 Million order for an automatic production line for engine cylinder heads from a Chinese automobile factory and a US$4.5million order from MMT Engineering, one of the largest machine tool agents in the USA.”
The number of buyers who placed orders on the spot greatly surpassed the number in the previous exhibition and new customers also increased, stated Mr. Andy Hung, sales Manager who is also at Fair Friend. “Buyers came from more than 30 countries, including North and South America, India, Turkey, the Middle East, South Africa, North Africa, U.K., France, Germany and Russia; there were many enquiries from these buyers.”
This once-every second year TIMTOS hosted 1,015 exhibitors to use 5,411 booths that included 260 foreign manufacturers from 18 countries. In addition, the organizers, TAITRA (Taiwan External Trade Development Council) and TAMI (Taiwan Association of Machinery Industry) joined resources during the year to attract the best buyers.
Global procurement hub for machine tools!
The top 10 buying countries by order volume ranked as China, Japan, Malaysia, Korea, India, Thailand, the USA, Russia, Turkey and Singapore.
Among the exhibitors, Machine Tools Industrialists and Businessmen Association (TIAD) of Turkey led 23 of its enterprises to the exhibition for visits and procurements, and signed a memorandum of cooperation with Taiwan External Trade Development Council.
Taiwan’s machine tool industry has been warming up year for years by honing its skills in automated tools and that new capacity that has made it become a viable supplier, particularly in the fields of aerospace, medicine and transportation.
That upbeat message also came across from General Manager Tim Chang of Kao Ming Machinery Industrial who said they are in promising talks with key makers in the USA and Holland.
TIMTOS even saw two major machine tool shows organizing their own “shows within shows” international conferences. Such on-site events helped the world’s largest machine tool exhibition, the European Machine Tool Exhibition (EMO Milan), and Asia’s elite Japan International Machine Tool Fair (JIMTOF) to connect global industry to promote their own exhibitions.
The next “Taipei International Machine Tool Show" turns on March 7 to 12, 2017, and is expected to scale new peaks to deliver huge prospects across the trade.