Taipei, May 7 (CNA) A trade show featuring precision machines and machine tools will open in Taipei Saturday amid rising demand for machine tools and equipment due to the improving global economy, the organizers said Friday.
The 2010 Taipei CNC Machine Tool and Manufacturing Technology Show, also known as MT duo, will take place at the Taipei World Trade Center Hall One, with 248 local and foreign exhibitors showing their products, the Taiwan External Trade Development Council (TAITRA) said in a statement.
In recent years, Taiwan has become the world's fourth largest exporter and fifth top importer of machine tools, according to the semi-official trade promotion body.
Taiwan only lags behind Japan, Germany and Italy in terms of precision machine manufacturing capability and has formed a strong machinery and machine tool cluster in central Taiwan noted for its customization and flexibility, the statement said.
The rise of the green energy and light-emitting diode (LED) sectors, along with the strong rebound in the automobile, semiconductor, liquid crystal display, and electronics sectors, has increased the demand for machine tools, the statement said.
The trade body estimated that the output value of Taiwan's machine industry is expected to surpass NT$1 trillion by 2014.
http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201005070037&Type=aECO
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