150 firms join Sharjah plastics show
Sharjah, May 14, 2012
More than 150 exhibitors from 20 countries are taking part in the four-day Plastivision Arabia & ArabiaMold trade fairs get under way at Expo Centre Sharjah today (May 14).
Strong demand from end-use segments such as packaging, construction and food & beverage has placed the regional plastics industry in a high-growth mode, a statement said.
A key driver of the plastics industry, the packaging sector in the UAE is valued at $1.84 billion in 2011, registering a growth at a CAGR of 4.27 per cent, according to industry analysts. It is projected to grow at a CAGR of 4.68 per cent to reach $2.3 billion in 2016.
The event was opened by Sheikh Abdullah Bin Salim Bin Sultan Al Qassimi, Deputy Ruler of Sharjah. The opening was attended by M K Lokesh, the Indian Ambassador to the UAE; Saif Mohammed Al Midfa, director-general, Expo Centre Sharjah; Jayesh Rambhia, president, All India Plastics Manufacturers Association (AIPMA); senior executives from Sharjah Chamber of Commerce and Industry, AIPMA, Demat, Expo Centre Sharjah, government officials and trade representatives.
“To be honest, the response we have received for Plastivision Arabia and ArabiaMold is quite overwhelming. Despite being a launch edition, the number of exhibitors and pre-registered visitors is on the higher side even for an established trade fair. I believe our association with AIPMA and Demat, the expanding economy and the overall positive business climate have helped in generating so much interest in the regional and global plastics industry,” said Al Midfa.
Being held from May 14 to 17, the shows cover an exhibition area of 10,000 sq m.
“GCC states are focusing on value addition, from oil economy to polymers and plastic products; and India is willing to support this transition with its industry – the manpower, machines and molds. We see opportunity for GCC and India, where we can co-operate with each other and supplement each other,” said Rambhia.
The $25 billion Indian plastics industry has the largest number of exhibitors – nearly half of the total participation, while the rest are from China, France, Germany, Hong Kong, Iran, Japan, South Korea, Saudi Arabia, Pakistan, Portugal, Qatar, Russia, South Africa, Spain, Switzerland, Taiwan, Turkey, the UAE and the UK.
“Expo Centre Sharjah has gradually been expanding its calendar of events and Plastivision Arabia & ArabiaMold will be a landmark event both for us and the regional plastics industry. This is an opportunity to effectively tap into the fast-expanding plastics and the dies and moulds industries in the UAE and the region, owing to factors such as low raw material and feedstock prices, logistical advantage and fast industrial growth,” added Al Midfa.
The shows are offering a comprehensive sourcing point for key segments such as plastic processing, injection molding, thermoforming, packaging, industrial users, construction, infrastructure, automobile and telecommunication, among others.
The shows are open from 10 am to 6 pm on May 14, 15 and 16, and on May 17, the last day, the shows will receive visitors from 10 am to 4 pm. - TradeArabia News Service