Friday, December 06, 2013
News this week: International exhibition organiser, Messe Frankfurt, announced the launch of an Indian edition of its consumer goods trade fair, Ambiente India, in 2014. The show is launched in partnership with the Export Promotion Council for Handicrafts (EPCH), and will cover the interior décor and home accessories market.
The three-day trade fair will run from 19th to 21st June concurrently with Messe Frankfurt’s Heimtextil India at the Pragati Maidan. Ambiente India will be segmented into the three product categories of Dining, Giving and Living. The Dining section will cover table, kitchen and household wares. While the Giving and Living sections will cover gifts, stationery and decorations, as well as furnishing ideas, designs, and home accessories.
Raj Manek, managing director of Messe Frankfurt India, commented, “Ambiente India 2014 will represent an ideal platform for showcasing products, developing contacts and uncovering a wide range of innovations in home décor and interior accessories. Coupled with Heimtextil India, the trade fair will provide the domestic market with a comprehensive arena for business, networking, and inspiration.”
News this week: Reed’s joint venture in India, Reed Manch Exhibitions, has announced plans to launch the Commercial Transport Show (CTS). The exhibition will include a conference serving the commercial transport community.
CTS will feature categories such as trucks and delivery vans, trailers, semi-trailers and platform trailers, truck-tractors, dump-trucks, special purpose vehicles and the equipment solution providers. The inaugural CTS will be held at Pragati Maidan in New Delhi on 8th to 10th July 2014.
Mike Rusbridege, CEO of Reed Exhibitions, is optimistic about the Indian exhibitions market. He recently commented, “We expect to see tripling of business in India in the next three years, from organising 8 exhibitions at present to over 20 exhibitions. We're aiming to build a network of partners.”
News this week: Earlier this week, the ITE Group reported its results in the first nine months of 2013. Revenues were £192.3 million. That is a 12% increase compared with the same period in 2012 when the Group’s revenues were £172.3 million.
Profit before tax increased from £40.5 million to £43.9 million in the same nine-month period. Additionally, cash on-hand jumped from £13.0 million last year to £23.5 million as of 30th September 2013.
ITE Group’s CEO, Russell Taylor commented, “We have now firmly established ITE in the Asian exhibition markets through investments in ABEC in India, Tradelink and ECMI in Malaysia and SinoStar in China. When we acquired 50% of ECMI Trade Fairs earlier this year, we wanted to develop new exhibitions in the ASEAN region, so we are using this as a launch engine particularly in the emerging Indonesia, Vietnam and Myanmar markets.”
News this week: Earlier this week, Beijing-based B2B media company HC International announced the formation of a joint venture (JV) with another Hong Kong-listed company, Digital China, to provide micro-credit internet financing services.
Subject to the approval and the obtaining of necessary permissions from relevant Chinese authorities, the JV will be 60% owned by Digital China and 40% by HC International. The JV will have a total registered capital of 1 billion yuan (US$164 million).
HC’s e-commerce competitor in China, Alibaba Group, obtained its license to provide small business loans to companies on mainland China in April 2010.
News this week: Last month, the Malaysian Automotive Association (MAA) held the 8th edition of its Kuala Lumpur International Motor Show (KLIMS). The exhibition attracted more than 300,000 visitors and featured more than 100 cars and 150 exhibitors.
Organised once every three year, KLIMS was held at the Putra World Trade Centre over a ten-day period (15th to 24th November) and covered 30,000 m2. Auto brands in the show included Ford, Honda, Hyundai, Nissan, Infiniti, Peugeot, Citroen, Toyota, Lexus, Volkswagen, Perodua, Isuzu, Subaru and Daihatsu.
Malaysia continues to be one the most dynamic exhibition markets in Asia. For the third year in a row, in 2012, the industry in Malaysia was the fastest growing market in Asia - expanding by 8.2% as nearly 300,000 m2 were sold at local trade fairs. More of the same can be expected to continue in the coming two to three years as the ASEAN markets are forecast to perform well and as new venue capacity comes online in Kuala Lumpur.
News this week: The Suntec Singapore Convention Exhibition Centre has announced a schedule of 88 events for its 2014 calendar. According to Suntec’s management, the venue will host 88 key events in 2014, including 16 major medical events, 16 trade shows, 19 consumer events and 37 international conferences and special events.
Suntec recently reopened in June this year, following its US$147 million upgrade. Suntec reports its team served 196 events and a total of 780,000 visitors since reopening, which included 56 exhibitions and 124 conferences and meetings. First time events to be held in 2014 will include Blueprint - Asia’s Fashion Gateway, Singapore Art Fair, AAMA-TEX, UROFAIR, and Trans Asia.
Arun Madhok, CEO of Suntec, was quoted saying, “Our event list is a testimony to the confidence in the Suntec Singapore team and the value of the facilities and services that we offer. With so many key events already contracted, and considering how well we’ve traditionally done with corporate events, I fully expect 2014 to be a very successful and busy year.”
Friday, November 29, 2013
News this week: Earlier this week, international exhibition organiser, Informa Exhibitions, announced the acquisition of a stake in the organiser of China Beauty Expo (Shanghai CBE), Shanghai Baiwen Exhibition Co Ltd. While financial details of deal were not disclosed, the formation of a new joint venture (JV), Informa-Baiwen, was confirmed.
The Shanghai CBE is composed of three co-located exhibitions: Cosmetics China, Cosmetech, and Beauty Shanghai. The three events focuses on cosmetics, skincare and fragrances; equipment, packaging and ingredients; and professional salons and spa products. The last edition of Shanghai CBE was held in May 2013, which attracted more than 245,000 visitors and 1,650 exhibitors over 120,000 m2 of exhibition space.
Peter Rigby, CEO of Informa, was quoted saying, “The joint venture with Shanghai Baiwen Exhibition Company significantly strengthens our presence in the region, and increases our stake in the beauty and medical beauty industries globally. We look forward to working closely with our partners at Baiwen to extend the strong growth record of CBE and leverage our collective expertise to exploit other opportunities.”
News this week: London-listed Tarsus Group announced the formation of a joint venture (JV) with Thailand based Inter-Media Consultants to launch a new automotive aftermarket event in Thailand – the Automotive Aftermarket Industry and Tuning Trade Fair Bangkok (AAITF Bangkok).
Serving Thailand’s automotive aftermarket modification and tuning sectors, the organisers expect more than 10,000 visitors and 200 exhibitors to attend the inaugural event next year. AAITF Bangkok will be co-located with the Thailand International Motor Expo on 5th to 7th December 2014 at the Impact Challenger Exhibition Centre.
Douglas Emslie, group managing director of Tarsus, commented, “We are very excited about this latest partnership and the opportunity to develop a new event for one of the world’s most exciting and vibrant automotive markets. Combining AAITF’s vast international exhibitor base with Inter-Media’s strong Thai and regional automotive databases will quickly allow AAITF Bangkok to establish itself as mainland South East Asia’s premier automotive aftermarket event.”
News this week: Tarsus Group’s recently concluded Indonesia International Infrastructure Conference and Exhibition (IIICE) doubled in size this year to reach 4,650 m2 of exhibition space at the Jakarta Convention Center. IIICE reportedly attracted 131 exhibitors and more than 4,000 visitors.
Organised by PT Infrastructure Asia, a subsidiary acquired by Tarsus in January this year, IIICE 2013 was held from 12th to 15th November. The show was co-located with construction-themed trade show Konstruksi Indonesia, Connect Indonesia and Green Airports Indonesia as part of the Indonesia Infrastructure Week.
Alan Solowiejcyzk, CEO of PT Infrastructure Asia, commented, “Both national and local leaders, investors, state owned enterprises as well as other private parties were able to openly discuss potential cooperation in infrastructure development throughout Indonesia. This has proven to be the key to this event’s success.”
News this week: According to the Malaysia Convention and Exhibition Bureau (MyCEB), the economic impact of international events in 2013 increased 21% compared with 2012.
During the period from January to October 2013, the bureau revealed it successfully won 118 event bids which contributed a total estimated economic impact value of US$140 million. MyCEB revealed 42 of the bids won were convention bids – up 62% compared with the full year of 2012.
MyCEB reportedly secured the visit of 40,000 delegates to Malaysia over the next eight years. The total number of delegates for the corporate meetings and incentives sector from January to October 2013 was up 18% from 25,604 to 30,318.