TAICHUNG, Taiwan--(BUSINESS WIRE)--Aug 1, 2018--Due to the unstoppable trend of Global Industry 4.0, most leading Taiwan machine tool builders have stepped into the field of smart machinery, making single machines intellectualized and multi-tasked, as well as assembly lines going smart. They have also achieved differentiation by using customized software or human-machine interfaces so as to increase the added value of the machine tool industry.

90% of Taiwan's machine tool industry is small and medium-sized enterprises, which are capable of flexible production and quick delivery. Under the specialized network among machine, module and accessory, a flexible and rapid supply chain is established to create industrial characteristics of low transaction cost and short delivery time. There are 1,801 machine tool and accessory builders in Taiwan with 40,405 employees, investing USD 85 million in R&D and USD 3 million on technology purchase.

Up to 90% of Taiwan machine tool and accessory industry is located in the central Taiwan, especially in Taichung. The tight connection from accessory production to machine tool assembly offers the best solution for global equipment end-users, allowing central Taiwan to become a unique cluster of machine tool industry in the world. Meanwhile, central Taiwan is also the largest community of automation and machinery users in the manufacturing sector. A complete machine tool and accessory community and a rich experience in metal processing and manufacturing provide the competitive edge for Taiwan machine tool industry to fulfill global demands.

Taiwan's machine tool industry has been developing for over 60 years. It began by accumulating technical knowledge from advanced foreign equipment. Then, as manufacturers develop, design, and improve products on their own, they are able to dominate the market in developing countries such as those in South East Asia. After the 1980s, under the support of research institutions, the domestic machine tool industry gradually moved toward numerical control and made a significant increase in production. Nowadays, Taiwan owns excellent competitiveness on quality and price.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005002/en/

CONTACT: Taiwan Machine Tool & Accessory Builders’ Association (TMBA)

Stephanie Ho, +886-4-2350-7583

tmts2018@tmba.org.tw

http://www.tmts.tw/en/

KEYWORD: ASIA PACIFIC TAIWAN

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING

SOURCE: Taiwan Machine Tool & Accessory Builders’ Association (TMBA)

Copyright Business Wire 2018.

PUB: 08/01/2018 10:30 AM/DISC: 08/01/2018 10:31 AM

http://www.businesswire.com/news/home/20180801005002/en