Taiwan is now one of the world's leading manufacturers of plastics products. Last year, the country generated more than US$1.9 billion in revenue, positioning the country as the world's sixth largest exporter of the plastics and rubber processing.
According to Trading Economics, Taiwan exports soared to a record high of US$30 billion dollars with a 17% sales increase from the rubber and plastics industries alone in 2016.
According to TAITRA Taiwan Trade Center Miami, the exponential growth in one of Taiwan's largest industries is attributed to Taiwan Smart Machinery 4.0. Taiwan Smart Machinery 4.0 combines web-based synergies of data sharing, IoT, with robotics and artificial intelligence. This new direction in integrated manufacturing can be summed up in three words for factories - faster, smarter, better.
Taiwan Smart Machinery 4.0 provides a totally automated solution to manufacturing. Prior to Taiwan Smart Machinery 4.0, productivity of small and mid-size companies was stifled by time, costs and labor. "Now, infusing factories with affordable technology and automation, serves as a global gateway for small to mid-size factories to compete worldwide," says John Chen, Vice President of Taiwan Association of Machinery.
Industry experts believe that implementing innovative strategies like "Intelligent Manufacturing," which combines human intelligence with automation and process, helps companies to increase their speed to market with precision and accuracy.
With this new strategy, parts and product demands can now be produced in a more streamlined manner throughout the production cycle. This level of excellence helps factories to successfully fulfill orders faster than ever, while significantly reducing the number of defects resulting from human error.
Four of the leading Taiwanese manufacturing firms: Foxnum Technology Co., Huarong Group, Sun Lung Gear, and Shin Man Machinery Manufacturer, will present their best practices and strategies for reaching sales milestones during an International press conference titled "Taiwan Smart Machinery: Make Tomorrow Yours." The press conference will take place during the NPE2018: The Plastics Show in Orlando on Tuesday, May 8 at 10:00 a.m. at the Orange County Convention Center in room W414B.
Sources: TAITRA Taiwan Trade Center Miami
Yihan Lin (firstname.lastname@example.org)