Taiwan’s machine tools constructors grow in smart manufacturing

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After the participation in EMO 2019, where Taiwan ranked 2nd in terms of exhibitors, Taitra (Taiwan external trade development Council) communicates that the production of the Taiwan machinery industry rose to a record value of $ 39,2 billion USD in 2018. The export of Taiwan machinery tools and components reached a value of $ 4,8 billion, with an increase of +8,28% from 2017. Taiwan set itself as the world’s 4th largest exporter of machinery tools and components, from a network of more than 1.000 precision machinery manufacturers and more than 10.000 upstream suppliers.

Among the 5 major industrial development programs of the Taiwan Government, the Taiwan Ministry of Economic Affairs (MOEA) is then sustaining the Intelligent Machinery Program, and launched in 2018 a 5-year program to install more than 9.000 smart machine boxes (SBMs) to enable companies to instantly add IoT connectivity to their existing equipment. The goal is to collect production data that can facilitate the visualization of production management and the optimization of production scheduling.

By bringing smart features to machinery and devices, the MOEA aims to increase the quality, efficiency, precision and reliability of production, thereby boosting the competitiveness of Taiwanese companies. In addition, the Taiwan Association of Machinery Industry (TAMI) issued a white paper last year that envisions the local industry with an annual out-put of $ 64.9 billion by 2025, with the industry to aspire a projected growth rate of +8% per year.

Furthermore, Taiwan’s machinery tool manufacturers are capitalizing on Taiwan’s abundant expertise in the ICT industry to provide their clients with competitive, smart functions including remote management and monitoring, to meet the burgeoning demands for Industry 4.0 and automation while the global manufacturing industry is transitioning from mass production to customized and fast-R&D-based products.

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