Product category:
Structural Fixings and Fasteners
News Release from: Fastener Fair Exhibitions
Edited by the Buildingtalk Editorial
Team on 01 April 2008
New Fastener Fair Budapest Show
Offers exceptional access to Europe's booming 'Near East'
he new Fastener Fair Budapest exhibition, taking place on 22 and 23 September 2008 at Budapest's modern SYMA Event Centre, is aimed at helping 'western' European and international exhibitors take advantage of the new opportunities in eastern Europe, which have come about as a result of the increasing costs of doing business in the Far East There has recently been a great deal of activity in eastern Europe, providing fastener and fixing companies with tremendous prospects
This article was originally published on Buildingtalk on 4 May 2007 at 8.00am (UK)
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Fastener Fair Stuttgart visits from Eastern Europe
Ocated in the very centre of Europe's industrial heartlands, Fastener Fair Stuttgart is attracting visitors from all over Europe including from the booming markets of Eastern Europe and Russia
A key reason, according to show organiser Jerry Ramsdale, is changes taking place on the other side of the world.
"We're seeing something of a reversal, in which major producers are rethinking the conventional wisdom that in order to be competitive they have to relocate production and assembly to the Far East," explains Ramsdale.
"People are looking at China, for example, and seeing big increases in raw material costs; sea freight to Europe more than doubling in price last year; plus labour costs set to increase by 40% in 2008 as a result of skills shortages and new labour laws." The positive effects on eastern Europe are clear to see: Peugeot Citroen, for example, has increased production at plants in the Czech and Slovak Republics.
Further reading
Fastener Fair Stuttgart opening soon
Visitors will have the chance to meet with 429 exhibitors from 37 countries, representing every sector of the global fasteners and fixings industry.
Fastener Fair Coventry 2008 at the Ricoh Arena
Fastener Fair Coventry is exclusively for the markets of the UK and Ireland, and represents all aspects of the fastener and fixing market.
Nokia is closing a factory in Germany and opening a new plant in Romania, while Daimler is reported to be choosing between Poland and Romania to locate a new Mercedes car plant.
Slovakia will soon have the highest per capita output of cars in the world, while also in that country Samsung is adding an LCD plant to its existing computer monitor and television factories.
Romania in 2006 alone attracted US$9 billion in foreign direct investment, while Croatia is committed to achieving European Union entry standards by end of this year.
Also in 2008, Ukraine is expected to ratify World Trade Organisation membership, paving the way to more open trading relationships with the regions and the rest of the world.
And in addition to all these developments, construction is burgeoning throughout Europe's 'near east'.
Hungary, whose exports grew by 18% in 2006 and 15% in 2007, is at the geographical and business heart of all these exciting developments, which is why its capital, Budapest, is hosting this new Fastener Fair venture.
"The event has been developed to be both cost and time effective for exhibitors," says Ramsdale.
"It's a fly in, fly out exhibition, with a straightforward selection of stand options to provide exhibitors with hassle-free preparation, with no stand being larger than 20m2".
And, as with all other Fastener Fair exhibitions around the world, informal networking will be a key part of the Budapest show, with the highlight being an evening river cruise on the Danube on the first night of the show.
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