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Taiwan machinery industry seeks more foreign markets
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A exhibit at the 16th Taipei International Plastics and Rubber Industry show (Taipei Plas) in Nangang Exhibition Center in Taipei, Taiwan, on Wednesday. (JP/Dewanti A. Wardhani)
T
aiwan seeks to expand the reach of its manufacturing machinery products to more foreign markets through the 16th Taipei International Plastics and Rubber Industry show (Taipei Plas) and the first Taipei International Shoe-Making Technology Show (ShoeTech Taipei).
Taiwanese Vice President Chen Chien-jen urged local machinery manufacturers to connect with more foreign buyers to promote their products.
"[The Taiwanese machinery industry] should step out of the island and reach out to more buyers in the world to explore overseas markets," the vice president said during the opening of the Taipei Plas and ShoeTech Taipei in Nangang Exhibition Center in Taipei, Taiwan, on Wednesday.
He went on to say that the government would work hand-in-hand with industry players to create a quality-based and innovative industry going forward.
According to data from the Taiwan Association of Machinery Industry (TAMI), Taiwan exported US$1.17 billion worth of plastics and rubber machinery, up 12.8 percent from the previous year. It also exported $458.87 million worth of shoe-making machinery and sewing machines in 2017, up 1.4 percent year-on-year. Its top buyers include China, Vietnam, Indonesia, the United States, and Thailand, among others.
TAMI chairman Alex Ko said Taiwanese machinery industry players had embraced smart machinery.
"Taiwan sells nearly 70 percent of its machinery and equipment products abroad. These products have been recognized for excellent quality and high price-performance value. Going smart is the way forward for Taiwan's machinery industry if it is to keep up with industry trends," he said during the same occasion. (dwa)
