News this week: U.K.-based exhibition organiser, ITE Group, has announced the
formation of a 50:50 joint venture (JV) with Hong Kong-based Worldcoat
Exhibitions Ltd to establish a new organising company – Sinostar ITE. The new
JV will oversee two newly acquired trade shows, ChinaCoat and SFChina, formerly
organised by Worldcoat Exhibitions.
ITE reportedly invested around £33 million (US$53.4 million)
into Sinostar ITE. The owner of Worldcoat and the current CEO of Sinostar International, Mr Raymond
Ho, will assume the role of CEO of Sinostar ITE.
ChinaCoat and SFChina are focused in the decorative,
industrial coatings and finishing industries in China and surrounding regions. The
annual shows are held concurrently alternating between Shanghai and Guangzhou.
The upcoming edition will be held at the Shanghai
New International Expo Centre (SNIEC) from 20th to 22nd
November 2013. The organiser expects the shows to span 35,000 m2 of net
exhibition space and attract more than 30,000 trade visitors.
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