SINGAPORE, July 16, 2010 - (ACN Newswire) - Boosted by the steadily recovering manufacturing sector in Singapore and the region, MTA2011, the leading trade exhibition and business forum for the precision engineering industries in Southeast Asia, will return strongly from 23 - 26 March 2011, at the Singapore Expo. Industry professionals and business visitors from Southeast Asia, India and China are expected to form the majority of the attendees at this key industry networking, sourcing and knowledge sharing platform.
Seizing new opportunities in manufacturing clusters such as aerospace, oil & gas, and medical technology, MTA2011 will focus on these verticals by grouping technologies and applications under them. This enables buyers from specific industries to better navigate as well as explore new applications for their businesses. As such, exhibitors of the show have been encouraged to bring state-of-the-art machines specifically for these sectors, in addition to those that serve the traditional precision engineering base. This will complement existing capabilities and at the same time, allow buyers to be better equipped to meet new challenges in areas that some of them might not have explored.
Confidence has returned to the manufacturing sector following strong rebounds in industry and economic performances in 2010. Singapore's manufacturing activity soared by 58.6 per cent year on year in May, while Malaysia's industrial sector produced 14.1 per cent more goods in March than a year earlier, the strongest year-on-year growth since 2004. Indonesia's economic growth accelerated in the first three months of the year to the fastest pace since the third quarter of 2008, expanding 5.7 per cent in the first quarter from the corresponding period last year.
While the immediate health of the manufacturing sector in the region looks rosy, industry players understand that dependence on the mass production of uncomplicated components and standardised product must be reduced. Demand for such output can be highly volatile and trade regulations, political and economic situations can all drastically affect the health of the manufacturing sector. With the China-ASEAN Free Trade Agreement (CAFTA) in place on 1 January 2010, zero-tariff made-in-China products and components will infiltrate previously sheltered markets in Southeast Asia.
"It is clear that moving up the manufacturing value chain into high value sectors is imperative to long term growth. The time is right for industry players to step up their efforts to grow their manufacturing capabilities," said Mr William Lim, Project Director at Singapore Exhibition Services, the organiser of MTA2011.
The numbers speak for themselves. Taking Singapore as an example, the year on year growth for the general manufacturing industries was 18.5 per cent compared with an impressive 40.5 per cent growth for the precision engineering cluster. The biomedical and electronics manufacturing sectors also rose 117.0 percent and 51.8 per cent respectively .
"MTA2011 supports the progression of the region's manufacturing industry into the high mix low volume environments. The exhibition plays an important role as the premier sourcing platform for players in the region to access the latest precision engineering and machine tool technologies available in the global market. It also gives them an opportunity to network with buyers, sellers, partners and industry experts, thereby enhancing their capabilities and opening up new business opportunities," said Mr Lim.
The Precision Engineering Business Forum will also return to facilitate the exchange of knowledge and sharing of collaboration strategies and partnership opportunities for the industry. The programme is designed to gather senior executives from international manufacturing OEMs and various tiered suppliers to meet and discuss how precision engineering will drive manufacturing investments and technologies.
MTA2011 will also incorporate MetalAsia2011, MetrologyAsia2011, OutSource&SubCon2011, iAutomation2011, WeldTech2011 and ToolTec2011, all specialised events that cater to the individual needs of Asia's manufacturing industry.
More information will be made available at www.mta-asia.com.
MTA2011 At A Glance
Show: MTA2011- The 18th Precision Engineering Industry Event
Incorporating: ToolTec2011, MetrologyAsia2011, iAutomation2011,
MetalAsia2011, WeldTech2011, Outsource&SubCon2011
Date: 23 - 26 March 2011 (Wednesday - Saturday)
Venue: Singapore Expo
Hours: 10.30am to 6pm
Admission: Business and trade professionals only
Singapore Exhibition Services
Tel: +65 6233 6632
Fax: +65 6272 2962
Senior PR Executive
Singapore Exhibition Services
Tel: +65 6233 6637
Fax: +65 6272 2962
Topic: Trade Show or Conference
Source: Singapore Exhibition Services (SES)
Sectors: Trade Shows, Design Process, Engineering
From the Asia Corporate News Network
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