Although the ITIS (Industrial Technology Intelligence Services) under the Ministry of Economic Affairs projects decline in production value of Taiwan’s machinery industry in 2012, the Taiwan Association of Machinery Industry (TAMI) is confident that the industry will achieve production value exceeding NT$1 trillion this year, also predicting the domestic machine-tool sector, a major part of the machinery industry, will achieve historic highs in exports and production value this year.

An industry insider says may domestic machinery manufacturers have been performing incredibly with higher than expected orders, which are keeping the suppliers busy till the end of April and some throughout June.

Victor Taichung general manager Bert M.H. Huang and Taiwan Takisawa general manager Y.C. Dai both believe the domestic machine-tool sector will see a turnaround in the second quarter, with performance to improve over the first.

TAMI president C.C. Wang says China’s economic development will benefit Taiwan’s machinery manufacturers in the future, but also warns that China’s growth won’t be as robust as in the past several years, so urges domestic manufacturers to diversify export outlets to India, the U.S., Germany, Turkey, East Europe, Brazil and Mexico.   

Source: CENS