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Demand for Machine Tools Reported Rising as Global Economy Improves

China New Agency (CNA) is promoting a trade show featuring precision machines and machine tools in Taipei, China, citing the event organizers report of a “rising demand for machine tools and equipment due to the improving global economy”.

The Taipei CNC Machine Tool and Manufacturing Technology Show, known as MT duo, was to take place at the Taipei World Trade Center. The show includes local and foreign exhibitors according to TAITRA.

Taiwan is the world’s fourth largest exporter and fifth top importer of machine tools according to TAITRA, behind Japan, Germany and Italy in terms of precision machine manufacturing.

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, their statement said.