Latest Trends of Korean Machinery Industry and Invitation from SIMTOS 2012

by:Gewinn     2022-04-19
On April 14, 2011, the '2012 Korea International Machine Tool Exhibition (SIMTOS2012) Information Conference' was jointly held by the Machinery Industry Branch of the China Council for the Promotion of International Trade and the Korea Machine Tool Industry Association. Zhou Weidong, President of the Machinery Branch of the China Council for the Promotion of International Trade, Zhou Haiming, Director of the Third Department of International Exhibitions, Jun Yutae, Executive Vice President of the Korea Machine Tool Industry Association, and Director Park Hee-cheol attended the press conference. In 2010, South Korea exported 467.4 billion U.S. dollars, with a trade surplus of 41.7 billion U.S. dollars, both hitting an annual record. In terms of exports, it overcame the global economic crisis and hit a record high with a rapid growth that surpassed that of other countries. With the continuation of the recovery trend of the world economy, exports to the United States, China, Japan and other countries have shown a high growth trend. Quan Yuta, executive vice president of the Korea Machine Tool Industry Association, said that at present, with the rapid development of developing countries and the recovery of growth in Europe and the United States, South Korea is also showing a strong momentum of development. Since the second half of 2009, South Korea's gross domestic product has recovered at the fastest speed to surpass the level of GDP before the economic crisis, and recorded a growth rate of 6.1% in 2010. In addition, with the growth of industries such as IT and automobiles, South Korea has shown a growth trend for 17 consecutive months. In terms of equipment investment, the expansion of investment centered on machinery in demand industries such as motors and electrical appliances has led to an increase in the equipment investment index, taking into account factors such as the export growth trend of major industries such as automobiles, a good investment psychology, and a high start-up rate of the manufacturing industry. , South Korea will maintain a steady growth trend Therefore, in 2011, South Korean investment showed an upward trend. The competitiveness of Chinese machine tools in terms of price and the geographical advantages of China and South Korea have made the trade between the two more active. Therefore, Quan Yutai hopes to further strengthen cooperation with the Chinese machine tool industry. SIMTOS (2012 April 2012) From 17th to 22nd, held in Seoul, South Korea) is a good opportunity. Does Korea only use domestic machine tools? No, South Korea is one of the top five importers of machine tools in the world. Regarding the status of the Korean machine tool industry in the world, Park Hee-chul used information from Gardner Publications in the United States to explain. In 2010, South Korea's domestic production scale ranked fifth in the world with 4.49 billion US dollars, exports ranked seventh in the world with 1.67 billion US dollars, imports ranked fourth in the world with 1.44 billion US dollars, and consumption ranked fourth in the world with 4.3 billion US dollars. . Even during the global financial crisis in 2009, the Korean machine tool consumer market still maintained a growth trend. South Korea's demand for machine tools and equipment industry aviation, energy, automotive, electronics, shipbuilding industry ranks first in the world. For example, in terms of automobiles, the quality and brand value of domestic automobiles in South Korea have increased, and domestic demand and export volume have increased; in terms of general machinery, demand companies continue to invest, the demand for renewal of outdated equipment has increased, and the export demand for complete sets of equipment has increased; the competitiveness of smartphones has increased and The continued increase in the export of information equipment, etc., all show the amazing power of the Korean machine tool industry. The machinery industry accounts for 40% of South Korea's overall manufacturing industry, and it is also an important core basic industry that integrates all fields of manufacturing. The foundation of all industries - the machinery industry, known as the 'mother of industriesAll technologies such as ST (Space Technology) are unified to realize the rapid development of the industry. In order to keep up with this development trend of the machinery industry, Director Park Hee-chul said that the Korea Machine Tool Industry Association will form a second-generation intelligent manufacturing new technology through the theme of 'SIMTOS + manufacturing technology and machine tools'. There is room for unification between the original main industries. This exhibition has formed six branded professional pavilions by product classification, and with the opening of the second KINTEX exhibition center, the area of u200bu200bthis exhibition will be doubled. Multi-professional audiences were present, and at the same time, the early application preferential system for foreign companies was tailored for foreign companies to enter the Korean market. A series of measures will make SIMTOS 2012 truly become a manufacturing technology exhibition. Zhou Weidong, vice president of the Machinery Branch of the China Council for the Promotion of International Trade, also said that the China Council for the Promotion of International Trade will have a bright future in the economic and trade development of the machine tool industry in China and South Korea.
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