METALEX 2013: Investment presences ramp up across ASEAN

Source：METALEX 2013 Release Date：2013-11-12 188

Metalworking

METALEX 2013 will continue and amplify its legacy of success and global recognition as the ASEAN’s largest metalworking and machine tools exhibition.

As ASEAN moves forward on the road to a greater regional integration and the world economy rebalances towards this region as seen by the region’s successes in attracting sizeable FDI flows, METALEX 2013 will continue and amplify its legacy of success and global recognition as the ASEAN’s largest metalworking and machine tools exhibition by answering to the incessant demands for technological betterment, highlighting the topical issues that will affect the industry and bringing together the global providers to showcase a wide range of cutting-edge solutions to metalworking community across the region.

In Cambodia,business executives from 60 conglomerates in Japan has visited Cambodia to study the country's potential sectors, investment laws and business environment before making investment in the future under leadership by Japan Business Federation. Among them were representatives from Toyota Motor Corporation, Nippon Steel and Sumitomo Metal Corporation, Hitachi, Panasonic Corporation, Asahi Group Holding and the Bank of Tokyo-Mitsubishi UFJ. The group was welcomed by Cambodian Prime Minister Hun Sen who expressed his welcome for any plan to invest in Cambodia.

(Source: Xin Hua)

In Thailand,The Iron and Steel Institute of Thailand (ISIT) predicted that Thailand’s apparent steel consumption would rise to 17.5 million tons this year from 16.3 million tons in 2012 due to the significant expansion of core industries such as automotive and energy. (Source: Steel First) Tata Steel Thailand projected the high demands for steel wire rods for construction industry due to the government’s policies to promote major basic infrastructure projects and the expansion of private sectors, property developers and department stores in Bangkok areas and other provinces.

(Source: Baan Muang)

In Indonesia, Edward Pinem, the Indonesian Iron and Steel Industry Association (IISIA) executive director, said that local output would likely rise by 23.1 percent this year to return to the production level of the 4.8 million tons recorded in 2Mujer