These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
The Taiwan Machine Tool & Accessory Builders' Association held a general member meeting on Oct. 14, which saw the attendance of major machine tool brands in Taiwan. Top machine tool supplier Hiwin Group President Cho Yung-tsai pointed out that although the market demand in mainland China has slowed down recently, the orders received in Europe, America, Japan and other regions all showed consid...
With the U.S. interest rate hike policy remaining unchanged, the Russian-Ukrainian war is showing no signs of stopping, and in addition, the exchange rate of the Japanese Yen and the Korean Won has greatly depreciated; these multiple factors present challenges to Taiwan's machinery industry. Domestic companies, including Goodway Machine, Tongtai, Kao Fong, AirTAC, Hiwin, and other machine tool...
The Japanese yen exchange rate against the U.S. dollar has fallen sharply, hitting a new low in the past 24 years. Hsu Wen-hsian, chairman of the Taiwan Machine Tool & Accessories Builders' Association (TMBA), said that the average orders received by machine tool factories have declined by 30% to 40%. Taiwan's machine tool suppliers could face even worse situations as the Japanese Yen, and South ...
According to the Taiwan Association of Machinery Industry’s (TAMI) statistics, the machinery exports performed admirably well despite the evolving global geopolitical situations. Overall, machinery export trends showed that demand exists; however, the issue remains whether the suppliers can deliver products to customers on time due to supply chain constraints, rising prices, and difficulties in o...
Taiwan Machinery Association announced on Thursday that the export value of machinery and equipment in May this year was marked at USD$2.88 billion, a decrease of 4.5% month-on-month and 1.1% year-on-year results. This is the first decline after 20 consecutive months of growth. The exports to China showed a double-digit decline for three consecutive months, indicating that the industry demand ha...
Due to the impact of the COVID-19 pandemic, the world-renowned industrial show Hannover Messe has finally returned after a two-year hiatus, having kicked off on Monday. TECO Group, together with a European affiliated company Motovario S.p.A., a major Italian reducer manufacturer, jointly exhibited three major themes: "Carbon Neutral Solutions", "Smart Mobility Solutions" and "Smart Manufactur...
Taiwan Machine Tool and Accessory Builders' Association Hsu Wen-hsien said on Monday that prices for international steel, nickel, copper, and other raw materials have soared, coupled with the uncertainty of the Russian-Ukrainian war, domestic machine tool factories' have seen a recent decrease of orders around 20%. The association has decided to adjust the export forecast of machine tools this ye...
Taiwan Association of Machinery Industry (TAMI) announced today that the export value of machinery in March was USD$3.157 billion, an increase of 9% compared with USD$2.897 billion in the same period last year. It has grown for 19 consecutive months compared with the same period of the previous year and hit a record monthly high. If calculated in New Taiwan dollars, the value of machinery expo...
Precision stamping company China Fineblanking Technology (CFTC) reported consolidated revenue of NTD$260 million in March, marking a record-high in the same period. The supplier has said the growth is largely fueled by increasing demand from U.S.-based electric vehicle (EV) companies and expects orders from European brands to buoy revenue growth month-by-month in the first half of 2022. Heavy...
With the National Development Council (NDC) releasing its 2050 Net-Zero Carbon Emissions Roadmap on Thursday, steel metal providers outlined the potential challenges in the industry under the carbon-neutral era. Steel metal providers pointed out that while it is relatively easier to slash carbon emissions, going neutral is "revolutionary," stressing that it is an inevitable trend. With the in...
