Friday, August 04, 2006

Korea Shows Its Machine Tool Muscle

Spurred chiefly by its growing auto industry, Korea is now on its way to becoming a major manufacturer of machine tools. Currently, that country ranks seventh among the world's producers. According to a report from the US Chamber of Commerce, the auto industry, combined with new interest in electronics and constructions, has ignited rapid growth in much of Korea's economy. The report further notes that: "Korea's market demand has changed from standard, cost-effective or general products to high-precision, high-speed, and high-powered machine tools. In line with this trend, market demand for computerized numerically controlled (CNC) machine tools has rapidly increased.

"The Korean machine tool industry has gradually upgraded levels of technology, and Korean-made products are considered compatible in the world market in terms of functional technologies such as machining and assembly processes," the report continues.

"There are currently 128 machine tool manufacturers in Korea, most of which are medium and small-sized companies. In particular, Korea's production of numerically controlled (NC) machine tools grew constantly at a 2% annual rate. The Korean machine tool industry aims at increasing the NC production ratio to 70%," the US Commerce report concludes.

The best of Korea's machine tool production will be shown at the Seoul International Machine Tool Show (SIMTOS2006) April 12-17, which promises to be the largest machine tool show ever held in Korea. Held at the Korea International Exhibition Center, SIMTOS2006 will be three times larger than the previous SIMTOS2004.

Sponsored by MOCIE (Ministry of Commerce, Industry and Energy) and organized by KOMMA (Korea Machine Tool Manufacturers' Association), the show will include more than 3300 booths representing over 400 machine tool companies from 30 countries including Japan, Italy, UK, Switzerland, Spain, Turkey, USA, and Russia. They predict at least 60,000 trade professionals will attend.

Exhibition categories will include metalcutting machines (CNC lathes, multipurpose machining centers, grinding machines, and EDM). Metalforming machines (hydraulic presses, servocontrolled presses, CNC shearing machines, bending machines, lasercutting machines, and robots). The exhibition halls will be divided into five sections: Metalcutting Machines, Metalforming Machines, Industrial Robots and Automation, Cutting Tools/Measuring Equipment, and Machine Tool Parts.

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