CHICAGO, Sept. 4, 2014 /PRNewswire/ -- As the world's
fourth largest exporter of machine tools, Taiwan will have a major presence at the 2014
International Manufacturing Technology Show (IMTS) running
Sept. 8-13 at Chicago's McCormick Place. More than 80
companies from Taiwan will be
exhibiting, and executives from some of the country's leading
machine tools and accessories builders will present their latest
products, innovations and insights on industry trends at a press
conference and panel discussion at the show on Wednesday, Sept. 10. The event – "Taiwan Machine
Tools Shaping the Future" - is scheduled from 1:30-3 pm in the South Building-Level 4,
Conference Room S402.
Topics to be covered at the press conference and panel
discussion include:
- Winners of the Taiwan Machine Tools Industry awards for
excellence in innovation
- Key machine tool trends in aerospace, automotive and other
industries
- Taiwan's contributions to
those trends
The moderator will be Alan K. Lu,
Executive Director/Chairman, Machine Tools Committee of the Taiwan
Association of Machinery Industry (TAMI) & Kent Industrial Co.,
Ltd. Panelists will include Brian
Arcari, President, YCM Americas Inc.; James Huang, Manager, TONGTAI Machine & Tool
Co., Ltd.; Randy Ragnini, Director
of Sales, Toyoda Machinery USA;
and others.
The event is organized by the Bureau of Foreign Trade and
implemented by the Taiwan External Trade Development Council.
TAIWAN'S MACHINE TOOL
INDUSTRY is helping solar energy plants, major semiconductor
manufacturers, panel industries, multinational car makers and many
others innovate and increase their competiveness through advanced
machine tool products. Nearly 80% of the total machine tools output
last year was exported to over 138 countries. In 2013, Taiwan had total machine tool exports of more
than US$3.5 billion and total machine
tool component exports of more than US$1
billion. The U.S. is the second largest export market for
Taiwan machine tools after
China/Hong Kong, followed by Thailand, Turkey, Germany, Indonesia, South
Korea, Malaysia,
Russia and the Netherlands.
In 2013, exports of Taiwan-made
lathes and turning machines to the U.S. reached US$1.187 billion. Taiwan also supplied 10.93% of the total U.S.
machining center requirements, valued at some US$141.42 million. Machining centers ranked third
in Taiwan-to-U.S. machinery
exports.
In the area of machine tools, Taiwan shipped US$418.79 million worth of goods to the U.S. in
2014 with continued growth in 2014. That included US$236 million in U.S.-bound machine tool
shipments in the first seven months of 2014, up 5.2% over the same
period in 2013; and US$45 million
worth of machine tools in July 2014
alone, a remarkable 63.7% increase over the previous July.
The industry's growth is being driven in part by world-class
industry clusters in the country's Golden Valley, which is home to
more than 1,000 precision machinery manufacturers and upwards of
10,000 downstream suppliers that employ more than 300,000 people.
With an annual output of $3 billion,
the Golden Valley has the highest output value per unit area and
the highest density of any machine tool industry cluster in the
world.
About Taiwan External Trade Development Council
(TAITRA)
The Taiwan External Trade Development Council was founded in
1970 to promote Taiwan's foreign
trade and competitiveness in world markets. Over the past 40 years,
TAITRA has played a key role in the development of the Taiwan economy. TAITRA is jointly sponsored by
the government and commercial associations and is viewed by all as
the business gateway to Taiwan for
the international business community. Please visit
http://www.taiwantrade.com.tw/ for more information.
SOURCE Taiwan External Trade Development Council