TAMI Chairman Mr. John Hsu positive towards Taiwan machine tool sector

TAMI is well known for its critical role in Taiwan machinery business operation. In an interview, Chairman John Hsu stated that machine tool industry in Taiwan is an industry with great potential. Hsu expects that this year the Taiwan machine tool sector would move forward to a new level.

 

TIMTOS: An exchange of knowledge and experience  

TIMTOS is highly appraised just like EMO, IMTS, CIMT, and JIMTOF. This year TIMTOS celebrates its 25th year, and together all participants are writing history just like before. This exhibition is being recognized by many cutting edge machine manufacturers as a platform to present their latest innovations. Buyers all over the world are welcomed to this biannual machine tool event. 

 

Taiwan’s machine tool export value in 2014

The total export value of Taiwan machine tool industry early this year went up, reaching USD3.75 billion, a 5.8% growth on the same period last year. In the export ranking list, Mainland China ranked first with value of USD1.2 billion, accounting for 32.4% of the total number, an increase of 7.3% compared to the same period last year. The US came second with an export value of USD414 million, with 11.1% of the total, and a 3% increase compared to the same period last year; followed by Turkey with 15.8% surge, Germany with 8.9% rise, Netherland with 17.9% hike, and Russia with 8.8 increase. 

 

Uncertainty is opportunity

The world marker has been a major driver of business worries recently with Eurozone’s slow recovery, fluctuating marker demand in China, Korean FTA threats, Japanese Yen depreciation including Thailand’s revival speed. However, this marker uncertainty is a golden opportunity for Taiwan manufacturers to upgrade its distinctiveness to set apart from its competitors in the global market.

     

Taiwanese must broaden their geographical and application spectrum in order to survive. For instance, even though the market in Russian is now crucial, it is still an important and huge marker with a huge demand for machineries. Therefore, TAMI encourages Taiwanese suppliers to penetrate the maker, and align their business models. Local manufacturers must keep up with the trends such as Industry 4.0 and intelligent manufacturing systems and equip their plants with capable talents to be one step ahead of its contenders. TAMI hopes Taiwan machine tool industry could be the next trillion in the near future. To achieve this target, TAMI will always be here to offer its best service and support.