Taiwan Machine Tools announcing new initiatives at IMTS 2016

Chicago, Illinois – Leaders of Taiwan’s machine tool industry will unveil new initiatives in areas ranging from smart manufacturing to aircraft part machining at the 2016 International Manufacturing Technology Show (IMTS) running Sept. 12-17 at Chicago’s McCormick Place. Some of the country’s leading machine tools and accessories builders will discuss the latest developments at a press conference on Wednesday, Sept. 14.

The event – “New Initiatives in the Taiwan Machine Tool Industry" - is scheduled from 1:30-3 pm in the South Building-Level 4, Conference Room S402-A. More than 80 Taiwanese companies will also be exhibiting their latest products and innovations at the show, reflecting the country’s status as the world’s fith largest exporter of machine tools and components driven by more than 1,000 precision machinery manufacturers and 10,000-plus downstream suppliers. 

Major projects already announced include an alliance of 11 Taiwanese tool makers that are working with the government-supported Industrial Technology Research Institute (ITRI) to expand the country’s business in aircraft parts manufacturing, and new ‘Industry 4.0’ product development efforts to supply sensors and other components in support of advanced factory automation including Internet of Things (IoT) applications. The press conference will address progress in these and other areas.

The event is organized by the Bureau of Foreign Trade and implemented by the Taiwan External Trade Development Council. Founded in 1970 to help promote foreign trade, TAITRA is the foremost non-profit trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets.

Source: TAITRA