Taiwan Hand Tool Industry Now Focused on Carbon Reduction and Smart Manufacturing
The show held from October 4 and closed on 6th gained supported by more than 20 associations. Among them, the chairmen of Taiwan Industrial Fasteners Institute as well as Taiwan Fastener Trading Association were present in person, and posed for a group photo on the opening stage with the chairman of Taiwan Hand Tool Manufacturers' Association and representatives from the Presidential Office of Taiwan.
The show area was expanded to 6,500 square meters, 40% more than the first edition. The number of exhibitors exceeded 300 and 30,000 visitors came to the show.
Hundreds of world famous overseas buyers, including those from Stanley Black & Decker, KTC, KS Tools, Milwaukee, came for purchase. Fastener World’s exhibitor interviewed several other onsite exhibitors from the fastener, hardware and hand tool industries. Most of them said to have seen a large inflow of people and were looking forward to the benefits of the show in terms of orders.
With CBAM now on trial run, this show’s seminars were largely focused on carbon reduction, with speech titles such as "Strategies for Navigating the Dual Transformation of Smart Manufacturing and Low-Carbon Sustainability in the Manufacturing Industry", "Towards Industry 4.0: Build the Smart Factory of the Future" and "Navigating Global Carbon Management Trends and Strategic Responses".
Although the European Union has not yet included hand tools in the scope of CBAM taxation, it is clear that the hand tool industry in Taiwan has begun to respond. In addition, a large number of speeches focused on cross-border logistics, showing that Taiwan hand tool industry has taken hit from the pandemic which is bygone and is now fully engaged in export sales.