According to statistics released by the Taiwan Machinery Association on May 20, the total output value of Taiwan's machinery industry in the first quarter of this year reached NT$230 billion, which is approximately 10% higher than the same period of last year, in line with market expectations; The output value reached NT$970 billion, NT$100 million.
The ITIS project office of the Technology Department of the Ministry of Economic Affairs of Taiwan pointed out that in addition to the European and American markets, the machine tools of this year have also made a good contribution to the Chinese mainland and the Indian market. India's import tariffs have continued to be loosened and lowered. With the rapid rise of manufacturing industries such as automotive components, Taiwan’s machine tools and textile machinery are quite competitive.
Due to major events such as the 2008 Olympic Games, the 2010 Shanghai World Expo, and the Guangzhou Asian Games, the Chinese mainland has many major construction projects. The demand for high-end precision machine tools is also very strong. All are driving the growth of the machine tool industry. Favorable factors.
However, in terms of metal molds and rubber machinery, due to the threat faced by South Korean companies and the mainland, the competition for price cuts is severe, and the proportion of manufacturers moving overseas and in Southeast Asia is increasing, so this year's performance may weaken.
The ITIS project office of the Technology Department of the Ministry of Economic Affairs of Taiwan pointed out that in addition to the European and American markets, the machine tools of this year have also made a good contribution to the Chinese mainland and the Indian market. India's import tariffs have continued to be loosened and lowered. With the rapid rise of manufacturing industries such as automotive components, Taiwan’s machine tools and textile machinery are quite competitive.
Due to major events such as the 2008 Olympic Games, the 2010 Shanghai World Expo, and the Guangzhou Asian Games, the Chinese mainland has many major construction projects. The demand for high-end precision machine tools is also very strong. All are driving the growth of the machine tool industry. Favorable factors.
However, in terms of metal molds and rubber machinery, due to the threat faced by South Korean companies and the mainland, the competition for price cuts is severe, and the proportion of manufacturers moving overseas and in Southeast Asia is increasing, so this year's performance may weaken.
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