With
over 700 exhibitors, 4,300 booths and more than 75,000 visitors, the “Taiwan
International Machine Tool Show” is one of the leading machinery trade fairs
in Asia. Especially for exhibitors looking for new business opportunities on
the Taiwanese and international markets, the trade fair is an excellent opportunity
to broaden their network.
German
Trade Office Executive Director Axel Limberg thus states: “TMTS 2018 is an
excellent opportunity to bring Taiwanese companies seeking the latest machine
technology and German machine tool manufacturers together. Since Industry 4.0
and the ongoing digital transformation will further increase the demand for high
quality machines and machine tools, German companies can provide products
with an unmatched durability, making them the perfect match for the needs of
Taiwanese companies in the times of digitalization.”
TMTS is held from
November 7th to 11th 2018 (Wednesday – Sunday) in
Taichung, the heart of the Taiwanese machinery industry, at the Taichung
International Exhibition Center and the Greater Taichung International Expo
Center. Organizers are the Taichung City Government and the Taiwan Machine
Tool & Accessory Builders’ Association (TMBA). The German Trade Office
Taipei organizes a German Pavilion at Hall 4 of the Exhibition Center to
represent German technology and companies. During TMTS 2018, the German
Pavilion features 29 German exhibitors and covers an exhibition area of 1,224
m2 in total.
Machine
Tool Trends and Importance for the Taiwanese Economy
The
Taiwanese economy is a highly developed, export-dependent market economy with
a world-leading chip and electronics industry. Meanwhile, Taiwan is net
importer of machines – with a constant demand for machine tools. The
government is pushing for smart concepts in the manufacturing industry, where
Germany is considered one of the main partners for development. Because
Taiwan’s machinery industry is dominated by small and medium-sized
enterprises, they therefore settle in clusters to enhance their productivity
and technology. One of the biggest clusters worldwide is in Taichung, making
it the perfect location for the TMTS.
German-Taiwanese
Business Relations
Taiwan
is Germany’s fifth most important trading partner in Asia, and for Taiwan
Germany is the most important trading partner in the European Union.
According to the Taiwanese Ministry of Economic Affairs, the bilateral trade
volume between Taiwan and Germany was USD 15.6 billion in 2017. The machinery
tool industry connects the two countries’ supply and demand and is a great
example for strong German-Taiwanese business relations. In 2017, Taiwan
imported USD 1.5 billion worth of electrical machinery, equipment and parts
thereof from Germany. This accounts for 16.3% of all imports from Germany
during this year. Meanwhile, Germany was the second largest machine tool
producer worldwide with a market share of 16.5% in the same year.
Today, hundreds of
German companies have succeeded in Taiwan and many Taiwanese companies have
successfully invested in Germany. A lot has been achieved and there is a very
high potential of cooperation for the future.
3rd Taiwan-Germany Smart Machinery Forum with B2B
Matchmaking
Within
the TMTS, the German Trade Office Taipei will hold the third “Taiwan-Germany
Smart Machinery Forum” on Friday, November 9 in the Taichung City Hall.
During this event, Taiwanese officials and participants from both countries
will discuss the future of Smart Machinery. Furthermore, the German Trade
Office Taipei will organize a B2B Matchmaking in cooperation with the
Taiwanese Smart Machinery Promotion Office to provide closer contact between
potential German and Taiwanese business partners.
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