Thailand's economic growth, increased infrastructure spending heightens demand in tube and pipe industries
FOCUS ON SOUTHEAST ASIA:
Riding the wave of opportunity, Tube Southeast Asia 2019 – the 12th International Tube & Pipe Trade Fair for Southeast Asia, returns to the Bangkok Trade & Exhibition Centre (BITEC), Thailand from 18 – 20 September
According to the latest edition of the World Bank’s Thailand Economic Monitor, Thailand’s economy is set to grow by 4.1 percent in 2018, its best economic performance since 2012. Rapid export growth, increase in capacity utilization and acceleration in capital goods imports, as well as education and skills reform, strong implementation of quality infrastructure investments and increasing competition are some of the factors lifting Thailand onto a new path of higher, long-term growth.
Zooming into infrastructure investments, the Thai government has pledged 1.5 trillion baht (S$62 billion) over the next five years, along with private funding and foreign direct investment, to boost growth. These would be through developments of its three eastern provinces into the Eastern Economic Corridor (EEC) – which would serve as hubs for technological manufacturing and services with strong connectivity by land, sea and air, extensions to its mass transit systems in the Greater Bangkok Region, and expansion in real estate.
Beyond infrastructure, the rising applications across end-use industries from automotive, household appliances to consumer electronics will also trigger higher demand for tube and pipes. On the automotive front, Thailand is on target to be the 6th biggest automotive market globally and the hub for next-generation auto products.
On the back of these robust industry outlook and trends, the strategic and timely staging of Tube Southeast Asia 2019 will pave the way for tube and pipe businesses to make their entry into the Southeast Asian markets, specifically Thailand, and take advantage of these in-market trade opportunities when they exhibit.
About Tube Southeast Asia 2019
Reflecting the established credentials of the world’s leading trade fair, Tube Düsseldorf – the International Tube Fair, Tube Southeast Asia 2019 will feature a wide-ranging exhibit profile of machinery and technology highlights in tube and pipe manufacturing, processing and finishing, pumps and valves, new processes in measuring, control and test engineering as well as new and upgraded tools and auxiliary materials. The specialist trade fair with a visitor profile that includes manufacturers, suppliers and buyers from the tube, automotive, oil & gas, building and construction, energy and electrical industries, will also be augmented by a series of industry-focused conferences and seminars.
Held together with wire Southeast Asia 2019, the synergistic fairs will be grounds to a conglomeration of global expertise spanning the wire, cable, tube and pipe sectors by over 400 leading exhibitors from around the world. Some 9,000 trade visitors are expected to visit – reaffirming wire and Tube Southeast Asia’s draw as the focal platform to insights of the industries’ latest developments and an arena for face-to-face meetings in forging business linkages and partnerships.For more information, visit www.tube-southeastasia.com