Czech companies at International Manufacturing Technology Show 2016 in Chicago
12. 9. 2016 | Source: Business and Investment Development Agency (CzechInvest)
Some of the Czech most renowned industrial firms are exhibiting its technology here and as the High-Tech Mechanical Engineering is among key sectors for the Czech Republic you can find representatives of CzechInvest Agency together with the Association of Engineering Technology.
After two years, Chicago is becoming once again a home for world’s leading industrial companies as biennial IMTS fair returns to the windy city. The International Manufacturing Technology Show (IMTS) is one of the largest industrial trade shows in the world, featuring more than 2.000 exhibitors. Chicago and its McCormick Place will host over 100.000 professionals including those from the Czech Republic.
Some of the Czech most renowned industrial firms are exhibiting its technology here and as the High-Tech Mechanical Engineering is among key sectors for the Czech Republic you can find representatives of CzechInvest Agency together with the Association of Engineering Technology. Among those present members are Fermat, TOS Čelakovice, Dormer-Pramet, N.KO, Tajmac ZPS, Škoda MT and many others. The Czech Consulate General in Chicago is supporting this year’s participation.
The Czech Republic is a home to more than 1.000 industrial companies and research institutions and together with a supplier base the number of companies in the market rises to more than 6700, some with decades-long tradition.
“Mechanical Engineering is one of crown jewels of Czech Industry and we are glad that US companies have a chance to see here the showcase of that and potentially start new endeavors in the Czech Republic with our assistance,” says Jan Chmelík, Director of CzechInvest East Coast office in New York.
Czech market offers complete portfolio of manufacturing machines, turbines, transportation and air-conditioning equipment as well as agricultural and machine tools. Most of the production is exported, mainly to markets within the European Union, making it one of the most competitive segments of the Czech economy and opening new opportunities overseas.
“This year, we are focusing on potential investors that could increase the productivity of the engineering industry in the Czech Republic, it means we are targeting companies with potential higher added value. Engineering sector in the Czech Republic greatly benefits from a long tradition, but it is necessary to further innovate and attract pathfinder investors who could expand their know-how at our place, and thereby improve the production rate of our economy. We put emphasis on companies that are leaders in the process automation, robotics and know how to connect IT with operational processes,” ads Milan Kilík, Business Development manager for High-Tech Mechanical Engineering at CzechInvest.
The sector accounts for more than 10% of revenues from sales of products and services of the manufacturing industry and employs 12.5% of the country´s workforce.
CzechInvest team will be having a series of meetings with potential investors interested in the Czech Republic through the entire week. Want to know more? Visit www.czengineering.com and schedule a meeting.