News & Activities

 
 
Messe Düsseldorf reveals 'Infrastructure investments and growth potential of ASEAN' accelerate the demand of wires, cables, pipes and metallurgy and steel production, launching 4 key events to stay ahead of the construction materials industry
 
  • MDA reveals Finished steel global consumption reached 1.77 billion tonnes, of which 73.3% went to Asia
  • Driving demand for wire, cable, tubing, conduit and metals to increase, while showing growth opportunities in the wire and cable industry at a cumulative annual average of 6.1% over the next four years. ASEANís first time with the ĎGIFA-METEC 2022í event, synergising the regional strengths of the metal industries from 5-7 October at BITEC, Bangna
 
Bangkok, 17 August 2022 - Messe Düsseldorf Asia reveals the growth trend of ASEANís economy and infrastructure investments. The finished steel consumption global consumption reached 1.77 billion tonnes, of which 73.3% went to Asia. Driving demand for wire, cable, tube, pipe, foundry and metallurgy  to increase, while showing growth opportunities in the wire and cable industry at a cumulative annual average of 6.1% within the 2026.To reinforce the growth potential and value of investing in ASEANís infrastructures, there are 4 mega-events to be held, including: 1.International Wire & Cable Trade Fair for Southeast Asia 2.International Tube & Pipe Trade Fair for Southeast Asia 3. International Foundry Trade Fair and Forum for Southeast Asia (GIFA) and 4. International Metallurgical Trade Fair and Forum for Southeast Asia (METEC), which will be held from 5-7 October, 2022 at BITEC, Bangna
 
Mr. Gernot Ringling, Managing Director of Messe Düsseldorf Asia commented, "By observing the industrial and economic growth of ASEAN, we found that infrastructure investments is key in value creation for the economy. Today, we can see that many countries are investing across a variety of projects, both by public and private sectors, to create new and comprehensive infrastructures to support the reopening of borders, including investments in transportation, logistics including the utilization of renewable energy and electric vehicles (EVs) connectivity between nations to enhance coverage throughout the region.
 
Recognising the demand for quality resources and materials to drive the various investment projects, Messe Düsseldorf Asia has organised four key events in Thailand, including 1. International Wire & Cable Trade Fair for Southeast Asia 2.International Tube & Pipe Trade Fair for Southeast Asia 3. International Foundry Trade Fair and Forum for Southeast Asia (GIFA) and 4. International Metallurgical Trade Fair and Forum for Southeast Asia (METEC), which are events showcasing innovations in the production of wires, cables, tube, pipes, foundry and metallurgy in Thailand. The events house over 200 product items from 30 countries around the world who aim to expand businesses to Asia, including ASEAN markets, providing the platform to showcase the latest technologies and innovations relating to industrial and infrastructure investments.
 
The events provide an opportunity for public and private sectors that have plans to invest in megaprojects to learn about industrial innovations from leading companies around the world, including Germany, Italy, United Kingdom and the United States, whilst also reinforcing Thailandís number oneís position as the destination hub for product exhibitions. Additionally, the events will also maximise exposure of Thailandís various projects to international investors, including the construction of railroads, the development of the Eastern Economic Corridor project (EEC), the construction of motorways to connect and support the expansion of the city and the development of piers in industrial cities. It is expected that there will be both local and international attendees totalling a minimum of 6,500 people.
 
Mr. Gernot further commented, "Currently, Southeast Asia is the seventh largest economy in the world with fast economic growth. By 2030, urbanisation will reach 45% and the demand for infrastructure development, including wires, cables, tube, pipes, foundry and metallurgy and steel production will also grow. The total market value of wire and cable in Thailand currently totals over 55 billion baht, projected to grow at CAGR of 6.1% through to 2026. The significantly rising investments on Thai basic infrastructure nowadays is the development of drainage and sewage systems which aim to the expected growth of pipes market size in Southeast Asia is to reach USS 24.8 billion by 2028.
 
"By evaluating the development of infrastructures in ASEAN, it is expected that the key project accelerating the growth of the wires, cables, pipes and conduit cables market is the ASEAN Highway Network: AHN, which is in the process of development. Upon the full completion of the project, the network will connect all 10 nations together across a span of 38,400 km. The ASEAN Power Grid (APG), which uses an investment of USD 5.9 billion, is another key project designed to connect the electrical network between nations to create a comprehensive regional grid."
 
"With wire and Tube Southeast Asia strong records of having a very high percentage of international participation, GIFA and METEC Southeast Asia will augment our efforts to serve the wider metal industry value chain by bringing global manufacturers to one central business stage in Thailand. Moreover, this event will be an important opportunity to related entrepreneurs for guidelines sharing of the high-quality metal products development such as automobiles and electrical appliances to escape from the old competition as in the past" Mr. Gernot concluded
 
Mr.Peradej Throngkitpaisan, President of the Thai Foundry Association said that Japan and China were currently investing more in the metal foundry industry in East Asian countries, as well as Thailand. This gave Thailandís component industry opportunities for growth. Even though foundry is a mature industry, it is still in a state of continuous development. There is a new generation of business operators coming through, because casting metal is an artistic craft. If talking about the industry as a whole, we refer to the five Mís which are: Money, that is having sources of capital, Machinery, which is constantly seeking out and developing the most modern tech and and machinery, Materials, which is making the parts, Management, which is constantly developing better management systems, and finally Manpower.
 
"People are a crucial source of knowledge for companies, because it takes 20 to 30 years to accumulate the necessary experience and be successful. However, we are currently limited by workers in their 60s being forced to retire. However, if an organization can retain people with knowledge to help build and transfer knowledge to the younger generation, there will be integration of experience, knowledge and creative ideas between the older generation and the younger generation. This will enable Thailandís metal casting industry to better develop and transform according to the times, and according to industry demand."
 
All four events featuring technological advancements of wires, cables, pipes, conduit cables and metallurgy and steel production will be held from 5-7 October, 2022 at BITEC, Bangna. Inside the exhibition will be the display of new technologies and innovations from leading companies around the world along with panel discussions on various topics. For more information, visit www.gifa-southeastasia.com  , www.metec-southeastasia.com , www.tube-southeastasia.com ??? www.wire-southeastasia.com

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