Taipei, Premier Lai Ching-te (???) said at the opening of the Taiwan International Machine Tool Show in Taichung Wednesday that the government will fully support the development of the machine tool, accessory, machinery and equipment industries.
With the central government's support, the event, organized by the Taichung City government and the Taiwan Machine Tool and Accessory Builders' Association (TMBA), is expected to generate purchase orders worth about NT$10 billion (US$325.48 million), according to Lai.
The machinery-related industries generated NT$1.1 trillion in output in 2017, up 11 percent from 2016, Lai noted, adding that the machine tool sector's performance was particularly good, with the value of machine tool exports in the first three quarters registering a 13.3 percent growth and expected to continue climbing.
The show is divided into four exhibition halls covering a total area of 91,000 square meters, hosting 4,300 booths operated by 720 exhibitors.
The show displays diverse precision machine tools, metal cutting machine tools, metal forming machine tools, machine tool parts, components, accessories, fluid transmission, CNC system & auxiliary equipment, cutting tools, tool holding & work holding devices, tools, measurement instruments, and smart manufacturing system.
The 5-day event is expected to attract 85,000 potential buyers from home and abroad, according to TMBA.
Source: Focus Taiwan News Channel