|By PR Newswire||
|March 27, 2014 11:16 PM EDT||
-- Bigger is better
BANGKOK, March 28, 2014 /PRNewswire/ -- As Thailand formally enters the ASEAN Economic Community (AEC) in 2015, benefits will include the rise of a much larger marketplace. The ASEAN Economic Community will help expand and connect businesses with greater efficiency -- creating a great opportunity for companies to raise their capabilities, because ASEAN may well become a major production hub in the near future.
The AEC will further increase Thailand's appeal in the automotive and auto-parts industries. The Kingdom is currently on track to break into the top 10 of the world's biggest auto producing countries when output climbs to 3 million units in 2015. And there is little doubt that opportunities will continue to increase. The electrical appliance and electronics industries are expected to grow considerably. And with ASEAN spending on the rise the consumption of electronics and electrical products is forecast to increase in line with improving economies in Europe and the United States. The need for sheet metal will be considerable and cover multiple industries.
Mr. Sanchai Noombunnam, Group Director, UBM Asia (Thailand), the show organizer, said, "There will be a big increase in competition among ASEAN countries. Entrepreneurs need to prepare, raise their capabilities, and invest in technologies that help reduce costs and raise quality in order to stay competitive.
"The cost of doing business in Thailand has risen considerably, with higher production costs coming from upstream production. The cost of living, raw materials and labor wages means Thailand is no longer a labor-intensive production base. Advances in technology and worker productivity have moved some industries from labor-intensive to capital-intensive production. As a result, products must provide better value, especially items that require precision, accuracy and quality. Thailand needs to manufacture products of greater complexity which are higher priced in order to stay competitive with other ASEAN countries," the Director added.
With such opportunities arising, the demand for sheet metal continues to grow. In fact, the sheet metal industry stands to be one of the biggest beneficiaries of the AEC, and over 300 major brands from around the world will exhibit their latest equipment at Sheet Metal Asia 2014. The show will feature fiber laser machines, press brakes, punching machines, water jet technology and much more. Many leading global names will use the event to launch their latest machinery for the first time in Thailand and some equipment will also be seen for the first time in ASEAN.
Sheet Metal Asia 2014 provides solutions to many of the above challenges and the event is now one of ASEAN's largest International Sheet Metal Fabrication and Machinery exhibitions. The 2014 event will feature a complete showcase of the latest related technology from around the world along with machinery from Japan, Germany, Taiwan and the United States.
Big brands in attendance will include; TUMPF, BYSTRONIC, MAZAK, MITSUBISHI, OMAX, LVD, EUROMAC, FLOW, MURATEC, DURMA, HANKWANG, PROARC, ERMAKSAN, TAILIFT and many more.
If your business is involved with any of the growing number of industries using sheet metal today, then you absolutely can't afford to miss this outstanding event.
Sheet Metal Asia 2014 is the must-visit show of the year!
The event will be held in conjunction with INTERMACH 2014 and SUBCON Thailand 2014, ASEAN's leading international industrial machinery and subcontracting exhibitions. The venue will be in central Bangkok at BITEC Bangna, from May 15-18, 2014.
You can pre-register now for FREE admission at http://www.sheetmetalexhibition.com/
UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world's fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing, Shanghai, Guangzhou, Hangzhou, Chengdu and Shenzhen, where we organize more than 60 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with over 50 events in this region. UBM India teams in Mumbai, New Delhi, Bangalore, Chennai and Hyderabad organize 20 exhibitions and 60 conferences every year across the country.
Sheet Metal Asia 2014
May 15-18, 2014
BITEC Bangkok, Thailand
Sukanya Amornurathkun (Mrs.)
Sr. Exhibition Manager
International Sales and Marketing
UBM Asia (Thailand)
T +66(0) 2642 6911 Ext 211
F +66(0) 2642 6919-20
M +66(0) 8 6526 6560
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