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Not Affected by NCP, Taiwan Machinery Industry Will Recover by Second half of 2020
Date published 2020-02-20

Although COVID-19 (corona virus disease 2019) has affected scheduled operations from several industrial supply chains, Taiwan machinery industry has already finished arranging domestic supply chain and overseas market with very minimum impact. Along with US-China Phase-1 Trade Deal sighed, global industries keep developing automation and smartification, new technology such as 5G, AIoT have been becoming popular. The demands for Taiwan machinery products will pick up in the 3rd quarter.

Mr. Ko, Ba-Hsi, chairman of TAMI (Taiwan Association of Machinery Industry), said that Taiwan machinery companies have set up completely product lines and supply chains, and implemented effective anti-epidemic measures, the impact is relatively small. Besides, COVID-19 impact is only temporary, the situation should relieve by May or June. Global manufacturing will also be recovered by then. Besides, all governments and enterprises continuously push the development of “Industry 4.0” and unmanned factories, Taiwan smart machinery products combining strong ICT functions and sophisticated precision machinery techniques will definitely come out strong. Many members of TAMI also state that canceled orders have been gradually resumed with many new business inquiries from South East Asia and US. Mr. Samuel Shieh, vice chairman of Taiwan Machine Tool & Accessory Builders’ Association (TMBA) and president of Quaser Machine Tools Inc., a 2020 Taiwan Excellence Award winning enterprise, also expresses the order for the first half of the year is at its full capacity. Aforementioned shows Taiwan machinery products have won the interests and recognition from all overseas markets.

    Knowing the development of Taiwan smart machinery industry is prosperous and showing the world the strength of Taiwanese products, Mr. Walter Yeh, CEO of Taiwan External Trade Development Council (TAITRA), stresses that TAITRA will make all efforts for assisting Taiwan machinery industry in domestic and overseas promotions. Besides holding exhibitions such as “Taipei Intelligent Machinery & Manufacturing Technology Show (iMTduo)” in May and “Taipei International Plastics & Rubber Industry Show (TaipaiPlas)” in August. TAITRA will organize a global procurement summit in July inviting global buyers to have business meetings directly with Taiwanese vendors in Taichung City, the cluster of machinery industry; bringing Taiwan machinery enterprises to attend ”International Manufacturing Technology Show (IMTS)” in USA and the 30th “Japan International Machine Tool Fair (JIMTOF)”; TMBA will also hold “Taiwan International Machine Tool Show (TMTS)” in Taichung in November to exhibit the most advanced machine tools to attract the attention of international buyers.

    Taiwan Excellence, which represents top Taiwanese brands, is also aiming at Thailand and India markets with strong industrial development and upgradable potential among South East Asia and South Asia as key markets for promoting Taiwan smart machineries. There will be “Taiwan Excellence Pavilion” and product launch press conference at “Manufacturing Expo”, Bangkok and “Automation Expo”, Mumbai, 2 remarkable exhibitions in South East Asia and South Asia allowing visitors to learn more about the specifications, characteristics and performances of exquisite smart machineries from Taiwan. Other than holding physical events, Taiwan Excellence will also set up professional “Taiwan Excellence Smart Machinery Page” on LinkedIn, world largest online B2B communication platform to share the latest industrial messages. Through utilizing the page, all latest information on state-of-the-art machineries can facilitate further communication between Taiwan machinery industry and professionals around the world.

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