[SIMTOS Story]Where can we meet SIMTOS?

Where can we meet SIMTOS?

SIMTOS takes place in KINTEX, Korea. SIMTOS jumped up into a professional manufacturing exhibition as KINTEX equips 100,000㎡ exhibition halls. Each of SIMTOS 2012 & 2014 accumulated over 100,000 visitors and rapidly grew as ‘professional, international, and enlarged’ exhibition.

KINTEX Exhibition Center Ⅰ – Hall 1-5

■    Metal Cutting & Die • Molding Working

-       Turning Centers(Lathes), Machining Centers(Tapping Centers), Milling Machines, Drilling Machines(Drill Heads), Boring Machines(Boring Heads), Grinding Machines, Finishing Machines / Lapping Machines/ Polishing Machines / Honing Machines, Electric Discharge Machines(EDM, WEDM), Gear Processing Machines(Hobbing Machines), High-Speed Processing Machines / Carving Machines, Special Purpose Machines, Other Metal Cutting Machines, Dies and Molds / Components for Dies and Molds

■    Parts Materials & Motion Controls

-       Work Holding Devices, Hydraulic & Pneumatic Parts, Coolers, Nuts / Couplings / Power Locks, Spindles, Lubricants, Others

-       Numerical Control, Automatic Programming Systems, Manufacturing Controller Systems, Other Controllers

-       Materials(Metal, Fiber, Chemical, Ceramic, Plastic, Fluoroplastics, Others)

KINTEX Exhibition Center Ⅱ – Hall 7-10

■    ​CAD/CAM, Measuring Systems, Automation & Robotics – Hall 7-8

-       CAD/CAM, Solutions/Statistics Programs, 3D Printer(Scanning Systems), Others

-       Measuring Instruments, Machine Vision Systems, 3D Scanning System, Others

-       Motors(Decelerator), CNC Systems, Ball Screws/LM Systems(Bearings), Other Automated Parts

-       Industrial Robots, Parts for Robots, Other Related Equipment for Robots

■    Tools & Related Equipment – Hall 9

-       Cutting Tools, Tool Holders, Diamond Tools, Grinding Tools, Tool Grinding Machines, Raw Materials, Other Cutting Tools

-       Cordless Tools, Corded Tools, DIY Tools, Air Tools, Other Power Tools

■    Cutting-off & Welding – Hall 10

-       Cutting-off Machines / Shearing Machines, Bending Machines, Plasma Cutting Machines, Sawing Machines, Laser Processing Machines, Water Jet Processing Machines, Laser Marking Machines, Other Cutting Machines

-       Welding Machines, Welding Cutting Machines, Welding Automation, Welding Materials, Welding parts and Related Equipment, Others

■    Press & Metal Forming – Hall 10

-       Servo Presses, Mechanical Presses, Hydraulic Presses, Punching Machines / Notching Machines, Automated Equipment for Metals, Forming Machines, Parts for Metal Forming machines, other Metal Forming Machines

SIMTOS 2016 opens on April. 13 – 17(5 days) KINTEX, Korea. For registration and details, visit – www.simtos.org   ☎1599-2721.

[Monthly SIMTOS] New Main Poster for SIMTOS 2016

New Release "SIMTOS 2016 Brand New Poster"

SIMTOS 2016 organizer, KOMMA(Korea Machine Tool Manufacturers’ Association), released brand new poster design. It visualized “Metal-forming process” to appeal the better quality, leading economic recovery, and presenting vision. This emphasized the pursued aspect of SIMTOS 2016. Then, the poster is symbolizing the vision and value of SIMTOS2016.

>>SIMTOS, the Great Path to Smart Manufacturing and Business Variety

SIMTOS secretariat set up 2016 slogan, ‘For Next Technology & Business’ and released new poster design in order to experience technology of the next generation and make SIMTOS`16 as the cradle of businesses. The basic concept of new poster is introducing the present state of manufacturing and containing the meaning of ‘SIMTOS2016, Leading New Prominence & Value of Manufacturing Technology’.

>> Presenting Vision of Manufacturing, SIMTOS

SIMTOS is not only exhibition fair but the business marketing festival where advertisement, technical cooperation, network construction, and profit creation are performed. Especially, every exhibitor could be their potential and interactive customers. It is also possible that both customers and suppliers exhibit and establish close networks. In this context, SIMTOS new poster design emphasizes and visualizes the image of manufacturing process – Parts as customer, Tool as supplier. This eventually signifies SIMTOS provides new technology, opportunity to create profit and vision of manufacturing industry.

SIMTOS 2016 opens on April. 13 – 17(5 days) KINTEX, Korea. For registration and details, visit – www.simtos.org   ☎1599-2721.

[KMTI ⑮] Korea's Machine Tool Imports Forcast

Imports Sees Double Digit Growth in 2014

Korea's machine tool imports in 2014 are expected to grow 12.3% year-on-year to US$1.6 billion, realizing the first conversion to growth in three years.

The double-digit growth is attributable to growth in domestic facility investment, continuation of weakened yen currency, expanded development of low-priced machine tools by manufacturers in advanced countries, and expansion of FTA import items. In contrast, continuation of low growth in the domestic economy, expanded competition with domestic machine tool manufacturers, etc. are likely to serve as factors that limit imports.

[KIMT ⑭] Korea's Machine Tool Export Forecast

Exports Expected to Reach US$2.5 Bil in 2014

In 2014, Korea's machine tool exports are expected to grow 13.1% year-on-year to US$2.5 billion. The double-digit growth projection has the potential to be realized owing to a 3%-level growth of the global economy, continuation of economic recoveries in the Unites States and eurozone and recovery of exports to BRICs, which were more or less sluggish in 2013. Strengthened exploration of overseas markets and utilization of already-concluded FTAs by domestic enterprises and the possibility of concluding a Korea-China FTA also are likely to serve as positive export growth factors.

In addition, favorable conditions for increased demand also include expanded overseas production by domestic carmakers, such as production at the third plant in China, full-fledged local production in Brazil and plant facility expansion in Turkey by Hyundai Motor and Kia Motors.

Amid this environment, the domestic machine tool industry is expected to stage active overseas marketing activities in 2014 with a focus on leading overseas machine tool exhibitions in India, China, Germany, Italy, Turkey, Japan, etc.

On the other hand, a slower recovery of the global economy, possibility of the U.S. tapering of quantitative easing, unrest in financial markets in emerging countries and uncertain economic vitality in developing countries as well as a continuation of China's investment adjustment have the potential to be stumbling blocks.

In the midst of a mid-7% level of low growth projected due to China's restructuring going into full swing, the possibility of a financial crisis in some South and Southeast Asian countries, including India and Indonesia, may be the largest variable.

In 2014, Korea's machine tool exports may near the record-high results of 2012 (US$2.55 billion) but it will be hard to set a new record. Meanwhile, fierce competition is expected in the global machine tool market in 2014 due to continuation of Korean won currency appreciation and Japanese yen depreciation, expanded overseas production of low-priced machine tools and strategic alliances between the world's machine tool manufacturers.

[KMTI ⑬] Procedures to Induce Global Enterprise HQs

Simplifying Procedures to Induce Global Enterprise HQs 

The Korean government announced its 'Foreign Investment Activation Plan' with the intent to enhance the foreign investment scale and level one stage further.

The plan highlights expanded inducement of foreign capital in the high value-added services sector, including regional headquarters and R&D centers of global enterprises.

The plan is drawing keen attention from the perspective that it is 'Economic Innovation Countermeasure No. 1' since President Park Geun-Hye revealed her initiative to promote a '3-Year Economic Innovation Plan' at her New Year press conference on January 6.

On January 9, the Ministry of Trade, Industry and Energy announced the 'Foreign Investment Activation Plan' during a luncheon roundtable meeting with foreign-invested enterprises at Cheong Wa Dae. Chairmen of foreign chambers of commerce & industry in Korea, 25 CEOs of leading foreign-invested enterprises and ministers and vice ministers of related ministries, including Trade, Industry & Energy Minister Yoon Sang-Jick, participated in the meeting.

Under the plan, the government decided to promote inducement of high value-added investments, including headquarters and R&D centers of global enterprises, in advance, with a focus on inducing global headquarters of multinational companies having capabilities to create comparatively higher added value.

To that effect, the government decided to apply a 17% flat tax rate for foreign executives and employees working at the headquarters, regardless of their incomes, and also to extend the 50% income tax exemption for foreign engineers working at foreign-invested R&D centers, which was scheduled to expire at the end of this year, until 2018.

Furthermore, the government plans to introduce a prior adjustment system that discusses proper price ranges with joint participation of the National Tax Service and the Korea Customs Service and significantly simplify the taxation system, which is being pointed out as the biggest area of difficulty in domestic management of headquarters, as well.

The government also plans to extend the period of foreign-investment visas to a maximum of five years and the period of stay granted for executives and employees of headquarters to a maximum of five years from the present 1~3 years.

[KMTI ⑫] 5.5% Expansion Rebound

5.5% Expansion Rebound Fueled by Export Orders

Machine tool orders received by Korean producers reached 3.7 trillion won in 2013, a 5.5% expansion over the previous year. Export orders scored an 8.7% increase, registering 1.9 trillion won, while domestic orders reaped 1.77 trillion won, a 2.3% year-on-year rise.

By machine type, NC cutting machines took the lion’s share of Korean companies’ orders at 3.1 trillion won, a sharp on-year increase of 9.7%. However, orders for general cutting machines and metal forming machines slid by 18.1% and 10.8%, respectively, to 1.38 trillion won and 3,22 trillion won.

Three major items – NC lathes, machining centers and presses – combined to record 2.9 billion won in orders received by Korean producers, accounting for 79% of the total order volume.

In terms of orders by industrial sector, automobile and automotive parts manufacturers marked negative growth of 5.1% at 592 billion won, while general machinery producers increased orders by 12.4% to 322.6 billion won.

Sluggish domestic demand and a slowdown in new model launches were cited for the order reduction in the automotive sector.

Among the sectors that posted an increase in orders were electric, electronics and IT at 49.3% (210 billion won), shipbuilding and aerospace at 28% (104.8 billion won), and precision machinery at 10.3% (210 billion won). The sectors experiencing negative order growth in addition to automobiles included metal products at –11.5% (161.8 billion won) and steel & nonferrous metals at 127.2 billion won.

[KMTI ➉] The Korean Semiconductor Industry Ranked No. 2 in Global Market Share

Korean Rises to No. 2 in Global Semicon Market Share

The Korean semiconductor industry has risen to rank as the world's second in terms of global market share, outpacing Japanese products for the first time.

Quoting data reported by the Korea Semiconductor Industry Association (KSIA) and market survey agency iSuppli, the Ministry of Trade, Industry and Energy revealed on January 20 that Korea is estimated to have taken over second place in global market share in 2013, pushing aside Japan for the first time in history.

Director Kim Jeong-Il of the Electronic Parts & Materials Division said, "Korea outpaced Japan, a wall that had been too high, after about 30 years of full-fledged development of semiconductors."

According to the ministry, Korea's semiconductor production in 2013 amounted to about US$50.07 billion, achieving a 15.8% global market share, exceeding Japan's US$44.27 billion and 13.9%. Korea lagged behind Japan in 2012 with 14.7% vs. 17.5% market share and also in 2011 with 13.4% vs. 18.5%.

In 2013, the United States maintained the No. 1 position with production of US$166.45 billion and 52.45 market share, posting continuously growing since crossing the 50% market share mark in 2011. Following the United States, Korea and Japan, Europe ranked fourth with 8.7% and Taiwan fifth with 5.0%.

[KMTI ➈] Forecast of Steel Industry

Steel Industry Forecast to Grow
After 4 Years of Stagnation

According to the World Steel Association (WSA), global steel demand in 2014 is expected to reach 1.52 billion tons, up 3.3% from 1.47 billion tons in 2013 and up 6.3% from 1.43 billion tons in 2012.

An executive in charge of business operations at a Korean steel company said, 'Despite a slowdown in the growth of steel demand in the Chinese market, demand will increase significantly this year in other regions like the Middle East and Latin America."

It is also a positive factor that the Chinese steel industry is apparently just 'catching its breath,' as a hot wind of restructuring is blowing through the Chinese steel industry, which has brought an excess of supply to the global steel market with a low-price offensive. To resolve

the supply excess, the Chinese Ministry of Industry and Information Technology recently announced that it will accelerate M&As among steel companies.

The Japanese market situation is not in bad shape either for the domestic steel industry. At present, Japan's representative blast-furnace mills are appraised as lacking sufficient capacity for exports. To address this shortcoming, they plan to modify or repair furnaces one after the other. Nippon Steel Sumitomo Metals, POSCO's strongest competitor, is scheduled to repair Furnace #4 at its Yawata Steel Works from end January to end April this year. Another competitor, JFE Steel, also plans to repair its thick plate and rolling mills in Kurashiki, western Japan, until March this year.

[KMTI ➇] Korea's General '14 Machinery Exports

Korea's General '14 Machinery Exports 
Seen to Cross the US$50 Bil. Level

Korea's exports of general machinery in 2013 were estimated at US$47.6 billion, generating a trade surplus of US$13.2 billion for the sector, according to the Korea Association of Machinery Industry (KOAMI).

The association put forward the optimistic projection that exports of general machinery would increase 8.7% year-on-year and post US$51.6 billion in 2014.

First of all, facility investment is expected to expand, led by largescale plants, with the flow of the domestic economic conditions improving. The projection that overseas demand for machinery may rise to a certain extent also is a favorable factor. Of particular note, the move of manufacturers in the U.S., and other advanced countries toward 'Reshoring' - relocating their overseas production facilities back to their own countries - is expected to drive export growth.

It is noteworthy that, recently, newly emerging countries, including China and ASEAN countries, are increasing imports of machinery. However, the fact that the price competitiveness of Korean machinery is declining compared with Japanese products due to the weaker Japanese yen continuing since 2013 and a persisting slowdown of the Middle East economy may serve as negative factors for Korea's exports.

[KMTI ➆] The Facility investment by manufacturing businesses in 2014

Korean Mfg. Facility Investment Seen at ￦72.6 Tril. in 2014

The Facility investment by manufacturing businesses in 2014 is projected to expand 1.6% year-on-year to 72.6 trillion won, which would account for 53.3% of the nation's total facility investment.

In terms of facility investment scale by business type, investment in electronic parts, computers and video & acoustic communications topped all sectors with 36.9 trillion won (ratio: 27.1%), followed by automobiles at 6.7 trillion won (5.0%), chemical products at 6.1 trillion won (4.5%) and primary metals at 5.6 trillion won (4.1%).

Whereas expansion of facility investment in 2014 is expected in the 'electronic parts, computers and video & acoustic communications,' 'automobiles' and 'oil refining,' facility investment is likely to decrease in 'chemical products' and 'primary metals.'

- Facility investment in the 'electronic parts, computers and video & acoustic communications,' accounting for the largest amount of investment among manufacturing businesses, will grow 5.1% year-on-year in 2014 due to projected investment expansion in semiconductors, electronic parts, etc.

- Facility investment in the automotive sector is expected to grow 8.5% year-on-year in 2014 because automakers have plans to develop new cars and expand factory facilities and because certain investment projects originally scheduled for 2013 were carried over to this year.

- Oil refining businesses are expected to increase investment by 6.8% year-on-year as investment for advancement of oil refining facilities is planned and large-scale expansion of production facilities will continue in 2014, building on last year, to prepare for growth in the Chinese petrochemical market.

In terms of investment growth rates, the 'other transport equipment' sector is expected to record the sharpest investment growth (21.6%).

- This projection reflects investment expansion in railroads, aircraft and other transport equipment-related businesses and the carry-over effects of investments which were not implemented in 2013 by shipbuilding enterprises due to a persisting business recession.

The business types that are expected to pursue facility investment growth for the second consecutive year are 'automobiles,' 'oil refining,' 'mechanical equipment,' 'rubber & plastics' and 'pharmaceutical products.'

- In contrast, the business types projected to experience investment declines for the second consecutive year are 'chemical products' and 'primary metals.'

- The business types forecast to increase investments this year despite investment declines in 2013 are 'electronic parts, computers, video & acoustic communications' and 'other transport equipment.'

[Matchmakin4U] Exhibition (15) Riello Sistemi SpA

About Riello Sistemi SpA

Company Profile

Riello Sistemi SpA, established in 1963, is a leading European company in the production of numerically controlled rotary transfer machines and flexible machining cells to produce automotive components, sanitary fittings, hydraulic and pneumatic fittings, valves and general engineering parts.

Presently the company employs abt. 130 persons; the factory consists of 8.500 sq.m. covered surface and is equipped with the most up to date production means. RIELLO product has been continuously developed during the years with constant technological innovations, which make it leader in performances and reliability. As average the 80% of RIELLO production is exported all over the world, among the most industrialized countries.

The traditional transfer machines are used to economically produce lots of different families of complex components.

The Vertiflex flexible machining cell combines the high productivity of a traditional rotary transfer machine with the high flexibility of a machining center. This extremely innovative cell, available in the 300 and 450 models, can be supplied with up to 8 machining centers and up to 64 tools installed.

In 2002 established Riello Sistemi (Shanghai) Trade Co., Ltd. to respond to Asian market needs and the steadily growing business requirements.

Our Focus is to build up and maintain close and direct contacts with our customers, acting as the sales and after-sale-service organization of Gruppo Riello Sistemi in China.

Products

Particular attention to Transfer machines which, as means of production customized to produce families of similar parts, are universally known as high efficient and productive machinery. In recent years there is strong growing demand for performance improvement coming from end users, who are competing in a more and more selective market and are forced to equip themselves with highly-performance means of production. Rotary transfer machines, like the Vertimac version, make it possible by providing cost-effective machining of parts generally used in the automotive industry. These machines are supplied with 4 up to maximum 14 stations. Every station, excluding the loading/unloading one, can be equipped with 3 or more independent unit heads, fixed or swiveling, and alternatively can mount little machining centers supplied with multispindle revolver head; this allows to machine 5 sides of a part simultaneously. They assure maximum accessibility to tools and incredible versatility of use. All control devices are of easy and simple access for maintenance and completely outside of machining area. The operating software, developed by Riello Sistemi for their machines, is interactive; it guides the operator through the programming steps, set up and troubleshooting; as well as for on-line technical assistance through internet network.

Riello Sistemi Spa

Via Nasionale 10 I-37046 Minerbe VR. Italy
Phone : +39 0442 641800
Email : market@riellosistemi.it

[KMTS ➅] Korea Automobile Production & Exports in 2013

Korean Car Export Amount Hits New Peak at US$48.7 Bil.

The Ministry of Trade, Industry and Energy (Minister Yoon Sang-jick) has announced that based on the preliminary estimates, production of cars decreased by 0.9%, and exports and domestic sales decreased by 2.7% and 0.3%, respectively, in 2013.

The production volume was 4,521,638 units in 2013, a year-on-year decrease of 0.9% and a second consecutive year of declining production, due to major manufacturers’ closing on weekends and partial strikes, which have caused a production loss of 200,000 units, coupled with poor sales.

The export volume for 2013 was 3,086,394 units, a year-on-year decrease of 2.7%, and recorded a decline for the first time in four years since 2009 due to the high won and low yen trend, expanded global uncertainties and supply problems of major manufacturers. Nevertheless, the export amount of finished cars (based on MTI 741) reached a record-high level of USD 48.7 billion with a year-on-year increase of 3.1%, thanks to growth in the market share of large passenger vehicles and RVs.

By region, exports of Korean cars were robust in the US market, which has shown a stable economic recovery, and grew in the EU and in Asia, reflecting the economic growth. However, exports declined in Latin America and Eastern Europe due to expanding local production. In China, which accounts for half of all exports to Asia, exports grew by 13.2%, prompted by growing demand caused by the urbanization of inland regions.

By vehicle type, light vehicles with high fuel efficiency thrived due to global economic uncertainties, while large vehicles grew thanks to an improvement in the brand image of Korean cars. SUVs and CDVs have also recorded growth as global demand has grown. Mid-sized and small-sized vehicles decreased as Japanese manufacturers recovered their competitiveness and adopted an aggressive sales promotion strategy, making the most of the low yen.

2013 domestic sales was 1,537,590 units, showing a slight year-on-year decrease of 0.3% and a second consecutive year of decline, due to delays in the economic recovery and advance demands in the 4th quarter of 2012 prompted by individual consumption tax cuts. Despite the launch of popular new SUVs and CDVs, the growing demand for light commercial vehicles and active marketing from the industry, mid-sized, light and small-sized vehicles have seen a decline due to the overall market demand decline and the aging of key models.

Sales of imported cars was 156,497 units with year-on-year growth of 19.6% as diverse new vehicles with a focus on the below-2,000cc class were launched and demand among consumers in their 20s and 30s grew. Over 10,000 units were sold monthly throughout the year.

Meanwhile, the domestic automobile market increased production by 4.3%, exports by 4.5% and domestic sales by △6.9% in December 2013, compared to the same month in the previous year.

[KMTI ➃] Korean Machine Tool Exports in 2013

Korean Machine Tool Exports Plunge 13.4% in 2013

Korean machine tool exports in 2013 fell 13.4% year-on-year to US$2.21 billion. This is attributed to comparatively large declines in the Asian market, including China and India, as well as in the Latin American market, including Brazil, due to the growth slowdown of the global economy.

Exports to the United States in 2013 were sound compared with other regions, with the monthly export total exceeding US$200 million continuously through the second quarter, but weakened after entering the third quarter.

In the case of exports to Europe, uncertainties continued due to the European economic crisis. In the second half, however, exports to parts of the region, Germany, Italy, Russia, etc., grew, showing improvement.

In terms of exports by item, exports of both NC lathes and machining centers in 2013 decreased year-on-year, but exports of presses grew with automobile-related exports expanding to China, India, etc. Meanwhile, exports of boring machines, grinding machines, milling machines and general purpose lathes all recorded double-digit declines compared with 2012.

[KMTI ➂] Korean machine tool production in 2013

Korean Machine Tool Production Hits US$5.81 Tril.

Korean machine tool production in 2013 is estimated to have declined 9.6% year-on-year, recording 5.81 trillion won, due to the continuation of uncertainties in internal and external economic environments. Affected by a slowdown in domestic facility investment and export decline to major overseas markets, Korean machine tool production suffered a reduction for the first time in four years since the 2009 U.S. financial crisis triggered by the collapse of Lehman Brothers.

Based on KOMMA member company data, machine tool production from January to October 2013 decreased 12.8% year-on-year to about 2.62 trillion won and shipments also decreased 12.8% year-on-year.

In particular, production of three key items - NC lathes (-6.9%), machining centers (-6.6%) and presses (-15.9%) - in the first 10 months of 2013 posted a year-on-year decline of 8.0%.

[KMTI ➁] Korean Receipt of Machine Tool Orders in 2013

Korean Receipt of Machine Tool Orders Sluggish in 2013

The economic recovery is anticipated to continue, with domestic demand including consumption and investment improving and the export momentum being maintained.
Looking at the sectoral contributions to growth on the expenditure side, those of domestic demand (1.8%p) and of exports (2.0%p) will be generally similar.

Korean producers' receipt of machine tool orders (based on KOMMA member companies) from January through October 2013 amounted to about 3.16 trillion won, up 5.0% from 2012. If project-type orders are excluded, however, orders recorded a year-on-year decrease of 2.1%.

Declines in demand of equipment for development of new domestic cars and for facility investment by manufacturing businesses had significant impacts on domestic demand, while a portion of the project-type orders affected export demand.

In terms of demander business type, the ratios of automobile & parts and general machinery industries ranked No. 1 and No. 2 at 33.3% and 18.1%, respectively.

Nevertheless, demand from automotive businesses posted a slowdown for the second consecutive year since 2011, experiencing a year-on-year decline of 5.9% while its ratio also decreased 2.8 percentage points. In contrast, electrical, electronic and IT business demand expanded 51.7% year-on-year, posting a similar level as in 2011.

[KMTI ➀] Korean Economic Forecast 2014

Korean Economy is Expected to Grow 3.8% in 2014

The Korean economy is expected to post a year-on-year rate of growth of 3.8% in 2014 compared with 2.8% growth in 2013, the Bank of Korea(BoK) announced on Jan9.

The economic recovery is anticipated to continue, with domestic demand including consumption and investment improving and the export momentum being maintained.
Looking at the sectoral contributions to growth on the expenditure side, those of domestic demand (1.8%p) and of exports (2.0%p) will be generally similar.
The rate of growth of gross domestic income (GDI) (4.8%) will exceed that of GDP (3.8%) in 2014, as in 2013, due to improvements in the terms of trade as a result of unit import price stability owing for example to the decline in international oil prices.
The 2013 and 2014 GDP growth forecasts (2.8%, 3.8%) remain unchanged from those drawn up in October 2013, as positive factors such as updates reflecting the actual performance figures and the downward adjustments of international commodity prices, and negative factors including the weakening of the yen offset each other.
The ratio of the current account surplus to GDP is projected to fall from 5.7~5.8 percent in 2013 to4.1~4.2 percent in 2014, and then to 3.1~3.2 percent in 2015.
The current account surplus is forecast to stand at 55.0 billion dollars in 2014, larger than the October 2013 forecast.
In terms of the future growth path, the risks are assessed as neutral, as downside risks including global financial market unrest following QE tapering, the possibility of heightened volatility of the yen, and North-Korea related geopolitical risks, and upside risks such as growth trend accelerations in the US and EU are seen as likely to balance each other out.
As for the price path, there are both upside risks, such as a jump in agricultural product prices caused by bad weather conditions, and downside risks including declines in international commodity prices due to a slowing of the global economic recovery, but taken as a whole the risks are appraised as neutral.

[Matchmaking4U]Exhibitor (13) JUNKER Group Company

About JUNKER Group Company

- Grinding is our world, Driven by perfection

The JUNKER Group

For 50 years now, JUNKER technology has been a shaping influence in the grinding industry. The JUNKER Group’s technological innovations and grinding solutions are developed in Germany and the Czech Republic and implemented around the globe. The corporate headquarters in Nordrach, Germany, provide strategic direction for our 12 production and distribution locations, as well as our global service network. At 50 years old, JUNKER is doing great - 1,200 employees, over 200 million Euro in annual revenue, a high equity ratio and over 150 machine configurations to match even the most sophisticated customer demands. JUNKER has filed patents for over 80 inventions. These include such revolutionary innovations as the QUICKPOINT method. With achievements like these to its name, the JUNKER Group can look forward to a bright future.

Technologies for all applications and branches of industry

The JUNKER Group offers a range of machines featuring efficient grinding solutions for every branch of precision grinding. Specially tailored, customer-specific solutions allow us to meet any requirement. JUNKER offers innovative grinding solutions for everything from small series to sophisticated production lines for mass production. Both small to medium-sized businesses and global corporations count on the quality and capability of the JUNKER Company. Since 1962, JUNKER has sold over 4,000 machines throughout the world. Now, wind generators, solar modules, pumps and electrical engines are also being equipped with precision parts ground on JUNKER machines

The JUNKER Technology Center

The JUNKER Technology Centers at our headquarters in Nordrach, Germany, and at our plant in Holice, Czech Republic, house a wide array of JUNKER grinding machines available for demonstrations and customer-specific grinding tests. Quality analysis is also performed at the Technology Centers, using the latest in measurement methods. For many potential and current customers, this means an opportunity to test out the technical and commercial capabilities of the JUNKER machines on their own workpieces. The JUNKER Technology Centers are at the heart of research and development. They are also used for baseline testing of grinding technology on new workpieces and for developing individual grinding solutions. Unique machine concepts are also conceived here for many manufacturers.

Faster service world-wide

The JUNKER Group also offers JUNKER Premium Service, which includes training, hotline access, maintenance and spare parts services, production assistance and process optimization. These services ensure that JUNKER machines offer maximum availability. The value of an existing machine can also be increased through targeted optimization and upgrades. JUNKER Premium Service means fast, expert assistance 24 hours a day, 7 days a week, world-wide. It assures productivity and increases planning reliability.

Erwin Junker Maschinenfabrik GmbH

Junkerstraße 2, 77787 Nordrach, Germany
Phone : +49 (0)7838 84-0
Email : info@junker.de
Website : www.junker-group.com

[Matchmaking4U with Korean Buyers] Q&A about Pre-meeting

'The SIMTOS 2014 Matchmaking4U with Korean Buyers‘ enables SIMTOS exhibitors to meet verified buyers based on products and reliable information in advance. SIMTOS Matchmaking4U team organizes pre-meetings to minimize errors in matching which was the biggest problem at the last business meetings and to make more successful deals.

There are three types of pre-meetings as follows. Matchmaking4U team sets a meeting schedule, notifies and accompanies together.

1) Pre-meeting at domestic exhibitions: Meeting at exhibitors' stand of domestic exhibitions that SIMTOS exhibitors and buyers participate in. 2) Group pre-meeting: one-on-one individual meeting after exhibitors' group visit buyers' company including a factory tour. 3) Individual pre-meeting: Exhibitors and buyers visit each other on one-on-one individually or contact via an e-mail or a call.

It is held frequently until SIMTOS 2014.

It is not mandatory to join the pre-meeting but SIMTOS exhibitors have more opportunity to meet verified buyers in advance. Moreover, buyers who participate in both the pre-meeting and on-site meeting can be provided various support such as transporation (round trip) and accommodation fares etc. as a qualified buyer.

Outcomes of the pre-meeting is as below until now.

YES, foreign exhibitors can also join a pre-meeting by coming to Korea via an e-mail/a phone call.

NO, the interpreter is not supported for continuous exchange after a meeting. Therefore, both parts should speak in English or same language to communicate.

Before meeting : company's profile, catalogue including an explanation of products, business cards, a souvenir

After meeting : Fill out a satisfaction survey prepared by Matching4U team (The satisfaction survey is for better matchmaking and services on a site, so please fill it out in detail.)

 

Matchmaking team arranges a meeting schedule and then notify. When you arrive at the site, one-on-one pre-meeting is progressed in earnest after brief meeting with MatchingPro.

Yes, you can.

Yes, you don't have to join in a main meeting on the site when you think each product is not suitable between exhibitors and buyers.