Taipei International Machine Tool Show (TIMTOS) is Asia’s second largest and Taiwan’s largest metal processing equipment trade show. The event hosted about 1,100 exhibitors from 21 countries and 47,500 visitors from 90 nations. The theme for the 26th edition was ‘Industry 4.0+ & smart manufacturing for seamless industrial upgrades.’ The grand 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 brought participants up to speed with 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 the 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 that attended professionals on the latest, most innovative trends and opportunities in manufacturing tech and applications.
Taiwan’s Market Scenario
Taiwan is the second only to Japan in Asia 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 WANG President of TAMI opines, “Among Taiwan’s top 16 export destinations in January 2017, the largest one is China, with a value of $64.49 million, accounting for 26.5% of the total value and representing a YoY growth of 3.9%. The second-largest destination is the US, with a value of $28.08 million, accounting for 11.5% of the total value and representing a negative YoY growth of 1.6%. The third largest destination is Turkey, with a value of $11.54 million, accounting for 14.5% of the total value and representing a negative YoY growth of 14.5%.”
In January 2017, Taiwan machine tools export reached $243.42 million, a 12.9% YoY growth.