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Although machine tools are the backbone of most industries, their market volume has dropped 30% per year over the last three years, reflecting the state of the manufacturing sector, says MTMA Chairman Paul Savides .
"It seems we are already 20% less than last year, and the economic impact, especially on employment, is devastating."
However, he notes that MTMA members are still working the decline has grown to meet the increasing demands on corporate resources. While the association and its members are looking for ways to mitigate this challenge, the real concern is whether the government can address issues that prevent economic growth.
"It is the job of a manufacturer to produce high quality, affordable and affordable products Nonetheless, it is the government's job to ensure a public service that uses taxpayers' money responsibly by providing affordable infrastructure with constant exchange rates, power and work, as well as functioning transport systems. "
Savides indicates that the manufacturing sector, if properly funded, may be the biggest benefit to the country. "MTMA is ready to take on the challenge and leverage the comprehensive knowledge and experience of its suppliers in manufacturing to develop South Africa's position worldwide."
At the heart of the manufacturing industry is the fourth industrial revolution, which has developed into a trend. "We are pleased that there is a national strategy to tackle this revolution, which includes initiatives that will bring us in line with advanced, advanced economies."
For example, the National Tooling Initiative is a R9 billion program run by the Ministry of Economy and Technology to rehabilitate and develop the South African tool, die and mold industry, Savides adds.
During last year's Machine Tools Africa exhibition, hosted by the MTMA, at the Nasrec Conference Center in Johannesburg, artificial intelligence (AI), machine learning and robotics played a significant role.
"Task-reducing technologies such as AI are at the forefront in our industry, and what is considered disruptive technology or out-of-the-box thinking is now an industry norm, as Industry 4.0 is the current trend in automation and computing Data sharing between manufacturing stages and technologies that greatly improves productivity, "says Savides.
More He also notes that the future of the manufacturing industry is that the association and its members can adapt to the rapidly changing world. Therefore, interaction, expertise and compliance as well as representativeness are important pillars to help the association achieve its goals.