[KMTI ⑯] Korea's Machine Tool Production Forecast

Korea's Machine Tool Production Seen to Grow 9.8% in 2014

Korea's machine tool production in 2014 is projected to grow 9.8% year-on-year to 6.38 trillion won. The growth projection is based on the expected recovery of domestic facility investment, the nation's export expansion to key overseas machine tool markets, including the United States and Europe, base effects from poor business performance results in 2013, and other factors.

According to the Korea Institute for Industrial Economics and Trade (KIET), domestic facility investment in 2014 will grow 5.5% year-on-year, a comparatively active recovery trend centering on IT manufacturing businesses thanks to export recovery and the alleviation of uncertainties.

Demand recovery in major overseas machine tool markets and employment of active domestic and overseas marketing by domestic enterprises also are likely to contribute to the growth of domestic machine tool production. Due to a low-growth trend of the domestic economy, continuation of weaker Japanese yen currency and growth slowdowns in huge markets like China and India, however, production in 2014 may, more or less, not be able to reach the record high results of 2012.

The 2014 demand related to automobiles, the largest demand business type, may improve compared with 2013 owing to the market debut of new domestic cars, but is not expected to reach demand levels similar to those experienced in early 2012.

However, the outlook for the global automobile market released on December 13, 2013, by the Korea Automobile Manufacturers Association (KAMA) indicated that internal and external demand for domestic machine tools in 2014 is expected to improve thanks to a 4.8% growth (90,3400,000 units) in global automobile sales, with entry of the European market into a recovery phase and recovery of emerging markets. Meanwhile, if domestic machine tool production is converted into U.S. dollar equivalency, production will exceed US$6 billion for the first time in history, according to the foreign exchange rate projection (1,058 won/U.S. dollar) for 2014 by KIET. 

[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 ⑪] Korean Shipbuilding Industry in 2013

Status of Korean Shipbuilding Industry in 2013

Orders

As the global shipbuilding order volume increased 92.5% year-on-year in 2013, domestic shipyards (based on the nine member companies of Korea Offshore & Shipbuilding Association) won 13.69 million CGT of newbuilding orders in the year, up 90.9% from 2012.

In terms of ship type, orders for bulk carriers, containerships, tankers, etc. increased in the major commercial ship sector while orders in the offshore sector were sluggish compared with the previous year. Of particular note, orders were steady for medium-range (MR) tankers due to enhanced fuel mileage, lower ship price and more favorable charterage than other ship types. Meanwhile, drillship orders, most of which were won by large Korean shipyards, decreased year-on-year.

New Shipbuilding

In 2013, the shipbuilding volume of Korean shipyards recorded 12.50 million CGT, down 8.1% from 2012. In the midst of a year-on-year decrease of 21.8% in the global shipbuilding volume, Korean shipyards also experienced a reduction due to declines in work in progress, delay in ship delivery schedules, etc.

By ship type, containerships still accounted for the largest ratio of 40.1%, followed by tankers at 21.2% and bulk carriers at 7.5%. In the case of high value-added containerships, meanwhile, Korean shipyards built nine ships in 2013 compared with one ship in 2012.

Exports

In 2013, Korea's ship exports decreased 6.6% year-on-year to US$37.1 billion, which fell short of the US$40.5 billion projected at the beginning of the year due to a decline in shipbuilding volume and delay in deliveries.

The ratio of the shipbuilding industry in the nation's total exports was less than 10% for the second consecutive year due to declines in export unit prices. However, the industry is still playing a locomotive role in the development of the national economy as one of the largest export sectors. 

[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.

[Notice] SIMTOS 2014 Official Hotel list

Official Hotel list of SIMTOS 2014. 

If you would like to stay at official hotel during SIMTOS 2014, please make a reservation through RYE Tour.(SIMTOS 2014 Offical Travel Agency)

(Special Price list)

                       If you have any inquiries regarding hotel reservation, please contact RYE Tour.                                                        Tel: +82-2-725-0808 (09:00 ~ 18:00)   Fax:  +82-2-6280-4766  

E-mail: simtos2014hotel@gmail.com / ryetour13@korea.com

[Notice] SIMTOS 2014 Exhibitors News - Schedule of Move-in and Move-out, Apply badges, directory and final payment

Apply Admission Badges for Resident Exhibitors

Exhibitors can submit the application for admission badges for resident exhibitor due to Mar. 14th by email  (simtos2014@simtos.org).  Additionally, you should send “Scanning file of Resident Personnel by Name Card in English” by email.  If no business card such as interpreter and other contractor staff, we provide them “STAFF” badges.       How to pick up the badge at SIMTOS 2014?  (The place to pick up will be informed later)  Exhibitors at Kintex 1 : from April 06  /  Exhibitors at Kintex 2 : from April 07    ※Download the Application Form 2 The Schedule of Move-in and Move-out  Here is the schedule for Move-in and Move-out at SIMTOS 2014. If you have any request and question, please contact to Mr. Won Gok +82-2-562-8328 (simtos2014@simtos.org).    The schedule at Hall 1 ~ 5  in Kintex 1  ===>  [DOWNLOAD] The schedule at Hall 7 ~8   in Kintex 2   ===> [DOWNLOAD] The schedule at Hall 9 ~10 in Kintex 2   ===> [DOWNLOAD] Themed pavilion Kintex Hall Hall Manager Forwarding Contractors Metal Cutting & Die Mold Working 1 1~5  Mr. Sang-uk Jeon (82-2-3459-0050)  Korea Express (Mr. Dong-hee Lee) - Tel : 82-2-6919-6750    dhlee4@cj.net Sunjin Shipping & Air Cargo Co., Ltd (Mr. Jae-moon Yim)  - Tel : 82-2-2225-9541 expo@sunjinsa.co.kr MiRim E& F Corp. (Mr. Sung-kyun Kim)  - Tel : 82-2-569-7711   saint@mirimenf.com Parts, Materials & Motion Controls  Tools & Related Equipment 2 7~8  Mr. Yong-min Park (82-2-3459-0051)  CAD/CAM, Measuring System & Robotics,  Automation 9  Mr. Hong-kyu Hong (82-2-3459-0052)  Cutting-off & Welding, Press & Metal Forming 10 Application for Co-exhibitor (and Represented Company) Information Publicity in Official Exhibitors' Directory New optional application for Co-exhibitor information publicity in official exhibitors’ directory should be submitted annex form by Mar. 13rd by email  (yjcscpo@komma.org)    ※Download the Annex co-exhibitor information Application Form  ※Download the Annex represented company information Application Form Final Payment due date Mar. 14, 2014 The deadline of final payment including order of utility facilities and  stand rental fees was due by Mar 14th, 2014. If you pay in cash at the exhibition, you have to pay 10% VAT extra according to Korean Tax Law.   ※If you need to issue the Balance invoice again, please send e-mail to “Jey Yim (yjcscpo@simtos.org)" in return.

[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 ➄] Korea's exports and imports of parts & materials in 2013

Korea's Parts & Materials Trade Tops US$428.6 Bil. in 2013

Korea's exports and imports of parts & materials in 2013 increased 3.8% year-on-year to US$263.1 billion and 1.9% year-on-year to US$165.5 billion, respectively.

Of particular note, the export value of the parts and materials industry in 2013 was the highest in history, accounting for 47% of the nation's total industrial export amount (US$559.7 billion). Furthermore, the industry's trade surplus reached US$976 billion, more than double the combined trade surplus of all industries (US$44.1 billion).

By business type, whereas parts & materials export growth in 2013 was led by electronic parts (up 57% year-on-year), electrical machinery parts (up 9%), chemical compounds & products (up 15%) and nonmetallic minerals (up 7%), export declines were witnessed in primary metals (-25%), general machinery parts (-17%) and assembly metal products (-8%) compared with 2012.

In terms of region, the trade balance in 2013 improved over 2012 with emerging markets, Latin America (up 16%), Southeast Asia (up 30%), etc., including China (up 38%).

In 2013, China, Korea's biggest trade partner, became the largest export destination for the parts & materials field with exports of US$91.5 billion. It was analyzed that closer trade relations would be required in the future as trade surpluses continued centering on high value-added business types, such as electronic parts and chemical products.

Korea's parts & materials trade balance with Japan recorded a deficit of US$20.5 billion (exports: US$13.9 billion, imports: US$34.4 billion) in 2013, sustaining the trade imbalance. However, the trade deficit scale in parts & materials declined for the third consecutive year and the import dependence level on Japanese products in the field also recorded a historic low of 20.8% in 2013.

The improvement in Korea's parts & materials trade deficit with Japan owed to the strengthened competitiveness of Korean parts & materials industry, a slowdown in import volume by demand industries like shipbuilding and automobiles and diversification of import sources.

In 2014, Korea's parts & materials industry is expected to realize US$275 billion in exports and US$173.8 billion in imports amid a mild growth trend of the global economy following the recovery of advanced economies.

[Matchmaking4U] Exhibition (14) MachineWorks

MachineWorks exhibiting 

its new controller-based simulation at SIMTOS

Sheffield - 24th January, 2014 - MachineWorks Ltd, leading provider of CNC simulation & verification and polygonal mesh processing software, will be presenting new functionality at SIMTOS specifically suited to CNC controllers. MachineWorkshas achieved significant improvement in the performance for controller-based simulation thanks to the ingenious usage of memory. "The key is always to adjust to your environment and work with what you've got", says Mike Nicholson, Sales Director of MachineWorks, "when we started developing MachineWorks 20 years ago, we worked with computers that had very little memory or processing power; applying this expertise through years of optimisation, we have achieved extraordinary speed in CNC controllers with complex toolpaths". MachineWorks analyses the input data on the fly to decide which will be the most efficient use of processing power for each set of data. Sometimes the optimal way may be, for example, merging cuts together. This will improve speed and reduce memory usage. The improvement is particularly noticeable in toolpaths which are sampled, as in controller-based simulations where the original toolpath data is not known, and the data passed to MachineWorks is just a stream of sampled tool locations. In these cases, a long cut may be split into tens or hundreds of small sections. MachineWorks can examine these points and determine that they are all part of the same original cut. This can result in a significant time saving, with some of our test data shows increased performance by a factor of 10. In addition, MachineWorks is now supporting the use of mobile operating devices which offers flexible solutions for the shop floor. To get a more detailed view of MachineWorks latest controller simulation advancements, find the team at SIMTOS on hall 9, stand F30 from the 9th -13th April.

About MachineWorks Ltd.

MachineWorks Software sets the standard for CNC simulation and verification component software in the industry. More than 60% of CAM developers in the world have integrated MachineWorks technology into their applications and benefited from MachineWorks’ cutting-edge functionality for nearly 20 years. MachineWorks’ toolkit has been integrated by software and hardware OEMs looking for a solution in simulation of material removal and clash and gouge detection of any type of CNC machining. MachineWorks’ core technology combines speed, accuracy and stability. It is ideally suited for anti-crash systems, complex machining and full machine simulation.
For more information on MachineWorks visit http://www.machineworks.com/

About Polygonica

The Polygonica Toolkit provides polygon modelling component software for industries such as CAD/CAM/CAE, CFD/FEA meshing, reverse engineering, rapid prototyping, 3D printing, 3D movies and gaming, geo-exploring, urban modelling and other 3D digital applications.
For more information on Polygonica visit http://www.polygonica.com/

See the MachineWorks team at SIMTOS,Hall 9 Stand F30.