Optimistic about the Chinese market, Japanese machine tool companies set off to invest in Taiwan

Affected by the official implementation of the Cross-Strait Economic Cooperation Framework Agreement (ECFA), the 311 earthquake in Japan and the surge in the yen, Japanese machine tool manufacturers have come to Taiwan, China to set up factories. Following the well-known Japanese CNC equipment manufacturer FANUC, Japan's Kurashiki Machinery also set up its first overseas production base in Taiwan, optimistic about the business opportunities in the Chinese mainland market; at the same time, Japan's second largest machine tool manufacturer OKUMA (OKUMA) , is also preparing to expand the factory in Taiwan, and has started related work. On December 22, Kurashiki Japan held the completion ceremony of the new plant. Many Taiwanese machine tool companies, including Shanghai Yin Technology, are Kurashiki's supply chain manufacturers. After mass production in January 2012, Kurashiki will account for 8% of the global supply chain. Officials from Taiwan's Ministry of Economic Affairs stated that Kurashiki is a high-end machine tool manufacturer, especially in the aerospace, wind and other professional machine tools, and CNC horizontal boring and milling machine products. In 2010, after China Taiwan signed the ECFA with the mainland, some machine tool projects could enjoy zero-tariff treatment when they were exported to the mainland, which led to the enthusiasm of Japanese machine tool manufacturers to invest in Taiwan. In November last year, Kurashiki decided to set up its first overseas production base in the Houli Park of Taiwan's Zhongke Phase III. Although the investment amount was only NT$264 million, it did not rule out the possibility of continuing to invest more. An official from the Ministry of Economic Affairs said that Kurashiki is very optimistic about the Chinese mainland market and hopes to use Taiwan as a production base. Under the influence of the 311 earthquake in Japan and the surge in the yen, Japanese companies have sought overseas backup bases to diversify risks. In particular, Taiwan and the mainland have signed an ECFA, which has more development advantages than other regions. It is estimated that in 2011, Taiwan's machine tool export value will be Reaching more than 4 billion US dollars, it is expected to squeeze out of Italy for the first time and become the world's top three machine tool exporters, second only to Japan and Germany.