WIRE NEWS 2015 August 2015 | Page 4

VISIONS, INNOVATIONS, TECHNOLOGIES at wire and Tube Southeast ASIA 2015 Amidst a thriving manufacturing and industrial landscape, the 11th edition of wire Southeast ASIA and 10th edition of Tube Southeast ASIA makes a timely return to Bangkok, Thailand, 16 to 18 September 2015 at the Bangkok Trade & Exhibition Centre (BITEC). Driven by the region’s most established wire, cable, tube and pipe trade fairs, wire Düsseldorf and Tube Düsseldorf, wire and Tube Southeast ASIA 2015, presents a onestop, converging platform for industry players to meet and to leverage on the rising market opportunities brought about by robust improvement projects, doubling the industrial and manufacturing developments network to 280km across the world. Vietnam: Construction sector is on an Forecasted by Freedonia 2012 / Market upward cyclical phase and infrastructure Research & Data Services 2012, global projects are valued at US$85 billion by 2015 demand for plastic pipes, tubes and hoses is Malaysia: Construction spending forecast expected to hit €136.5 billion in 2016. Equally to grow by 4.5% annually over the next 5 positive is the global demand for insulated years till 2017 wire and cable market – projected by Global Industry Analysts, Inc. / Transparency Market Philippines: Growth in the Philippines construction sector surged in 2014, with a Reports. The industry sector will exceed €113.5 billion at the end of 2015. In Southeast strong expansion of 20.5%. Further growth is expected in 2015, projected at 9.4% Asia, wire and Tube industries continue to evolve and grow: Myanmar: The construction industry Thailand: Construction spending was US$30.3 registered a compound annual growth rate (CAGR) of 14.52 per cent from 2009 to 2013. billion in 2012 and is forecasted to grow by In the second quarter of 2014 alone, the 3.4% per annum over the next five years till Yangon City Development Committee 2017 approved the construction of more than 1,000 Indonesia: Automobile industry is set to high and low-rise buildings in the city, two achieve 7.5% growth (1.2 million units) and times more than the number of approved US$174 billion has been earmarked for construction projects in 2013 infrastructure development over the next 12 Riding on these upward market trends, the years (40% will go to building power and line-up at wire and Tube Southeast ASIA 2015 energy projects) will feature the widest range of innovative Singapore: Government plans to invest S$60 machinery in wire manufacturing and billion over the next 10 years in rail network finishing, fasteners and springs, pumps, 4