Page 38 - Taiwan Hand Tools 2024-01 Edition

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Industry News

while discarding the hasty production methods of the former provides a substantial business cluster advantage.
and the rigid production approaches of the latter. As a result, Consequently, major buyers from Europe, Japan, America,
coupled with competitive pricing, Taiwanese hand tools and China highly commend the accessibility through the
products have long been favored by international buyers. Taichung Ring Expressway, allowing them to conveniently
access 12 categories of hand tools within just a thirty-minute
Hsiao also highlighted the indispensable strength of drive.
Taiwan’s hand tools industry—the inherent “resilience”
deeply ingrained in the nation’s fabric. Describing Taiwan’s To leverage this advantage, THTMA has initiated
history as a narrative of colonial influences, from the Dutch self-organized exhibitions in recent years. The Taiwan
and Spanish presence to the Qing Dynasty and Japan, International Tools & Hardware Expo (TiTE 2023), held
Hsiao emphasized the enduring resilience of the Taiwanese under the guidance of the International Trade Administration,
people. Through various rulers and challenges, the nation Ministry of Economic Affairs (MOEA), stands as a pivotal
has cultivated a spirit of tenacity, facing adversity without event with over 300 suppliers ready to cater to more than
fear. Proudly noting the 1999 Jiji earthquake, where 30,000 visitors. This expo represents a significant milestone
Taiwanese manufacturers swiftly resumed operations in Taiwan’s post-pandemic era. Under the theme “TOOLS
within few weeks despite equipment disruptions, Hsiao KINGDOM: The World’s Strongest Supply Chain is in
underlined the industry’s resilience. Despite facing the Taiwan,” it aims to spotlight the industrial clusters in central
1997 Asian Financial Crisis, 2008 Financial Crisis, and Taiwan for a global audience. The ultimate goal is to fortify
the 2019 COVID-19 pandemic, Taiwanese manufacturers its presence in international markets, underscoring its
consistently maintained production, demonstrating stability dedication to fostering global partnerships.
and unwavering quality.
Additionally, the exhibition featured a summit that
In the contemporary landscape, around 70% of local primarily delved into strategies for positioning high-end
industry practitioners choose central Taiwan (Taichung, hardware tools in the global market. It explored AI-integrated
Changhua, Nantou) as their production base. This manufacturing technologies, addressed the “three-carbon
concentration of interconnected industries in the region issues” (Carbon Neutrality, Carbon Emissions, and Carbon

Taiwanese hand tools manufacturers have inherited production efficiency and flexibility from China, combined with Japan's unwavering commitment to
impeccable quality while discarding the hasty production methods of the former and the rigid production approaches of the latter.

Taiwan Hand Tools 2024 Issue