INTERNATIONAL HARDWARE EXPO TAIWAN 2024

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AI and Low Carbon Become Focused Issues

International Hardware Expo Taiwan (IHT) took place on Oct. 16-18 at Taichung International Exhibition Center and was co-located with Taiwan International Tools & Hardware Expo (TITE Expo) at the same venue. The Expo was divided into 7 thematic zones, including Tools & Accessories, Automotive Part & Maintenance Equipment, Garden/Outdoor/Agricultural & DIY, Building & Locks, Metal Processing Equipment & Work Safety, Fasteners & Fitting, Smart Manufacturing.

As the location of the Expo is close to the hardware & hand tool industry clusters in Central Taiwan, it is easier to attract the neighboring professional hardware & hand tool companies to visit the Expo to observe the industry's updated technology or to look for cooperation opportunities. This year's show was based on the theme of “LESS”, with special emphasis on the trend of low carbon, environmental protection, energy saving and sustainability. According to the official data released after the Expo, there were more than 270 exhibitors registered this year with an exhibition area of 7,000 sq. m, hoping to win more domestic and overseas orders through the 3-day exhibition in Taiwan, which has an annual export of more than NT$100 billion.

According to the on-site observation of Fastener World's staff, this year's exhibitors were mostly hand tools, small hardware and gardening peripheral products exhibitors, and relatively few fasteners and fasteners exhibitors. Domestic manufacturers and small and medium-sized OEMs made up the majority of the visitors, with fewer foreign buyers. However, there were also some buyers who mainly purchased hardware and hand tools at the screw exhibitors' booths, hoping to expand their product offerings.

In order to enable participants to learn first-hand about AI automation, digital transformation, energy saving & carbon reduction, industrial energy, carbon fees, government resources and generational heritage, the organizer also invited IDA of MOEA, Taiwan Hand Tool Association, and a number of colleges/universities, large manufacturers, and expert reps to deliver keynote speeches. Chairman Lai of Taiwan Hand Tool Association, said in his speech that the hand tool industry in Central Taiwan has a deep foundation. Mr. Chih-Ching Yang, Director General of IDB of MOEA, said that the government will continue to promote AI and low-carbon transformation and help enterprises maintain their competitiveness through favorable policies such as the special budget for the post-pandemic period, the cultivation of AI talents, and rental tax incentives.

The next edition of the Expo will be held at the Taichung International Convention & Exhibition Center, and the organizer is looking forward to further enhancing the strength of Taiwan's hardware industry and its supply chain through a better exhibition environment.