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The production value of the nation’s machine tool industry is forecast to grow by 20 percent to 30 percent on an annual basis next year, as local firms have better order visibility into the second quarter of next year, Taiwan Machine Tool and Accessory Builders’ Association (台灣工具機暨零組件公會) chairman Habor Hsu (許文憲) said yesterday. With a noticeable uptick in demand from the US and Europe this quarter, a production value increase of up to 30 percent is achievable next year, Hsu said. Increased demand from the two markets would make up for softness in Chinese demand...

Taiwan’s machine tool exports are expected to get a “transformational boost” should Taiwan join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Taiwan Machine Tool and Accessory Builders’ Association said yesterday. Speaking at the release of the association’s first white paper, Goodway Machine Corp (程泰機械) chairman Edward Yang (楊德華), the association’s founding chairman, said that Taiwan’s machine tool industry is experiencing a year of robust orders, but it also faces headwinds. “We have faced the unfortunate triple effect o...