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Production value for machinery manufacturers is expected to reach a record NT$1.45 trillion (US$50.7 billion) this year as nations worldwide accelerate reopening from COVID-19 restrictions, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said yesterday. Last year, machinery companies generated NT$1.3 trillion in production value, making the industry one of the three pillars of the nation’s economy, the association said. “Machinery orders have shown robust momentum during the second half of last year, leading to strong exports,” TAMI chairman Larry Wei (魏燦文) said at the association’s general meeting in Taichung. “With the global economy moving toward reopening at a faster rate, we are ....
The Taipei International Machine Tool Show and the Taiwan International Machine Tool Show, which are being held together for the first time, open today virtually and in-person at the Taipei Nangang Exhibition Center’s Halls 1 and 2. More than 1,000 overseas buyers from 62 countries have registered to participate in the trade show, which is expected to be the largest since the emergence of COVID-19, the organizers said in a statement on Saturday. “A total of 950 exhibitors in 5,100 booths will have a presence at Taiwan’s first cobranded machine tool mega show,” the statement said. The in-person trade show is open ....