8 April 2006
Hong Kong's auto parts and printing-packaging industries set to boom
|Hong Kong International Auto Parts Fair and Hong Kong International Printing & Packaging Fair open today, attracting thousands of buyers converged at AsiaWorld-Expo.|
|The colourful book illustrates the characteristics of Hong Kong printing industry.|
|Mr. Kenneth Ting, Chairman of Hong Kong Federation of Industries and Mr. Fred Lam, Executive Director of Hong Kong Trade Development Council promote auto parts made by Hong Kong companies.|
The Trade Development Council (TDC) opens two new trade fairs today (April 8), which help Hong Kong to strengthen its role as the sourcing centre of the world in Asia.
The two exhibitions, Hong Kong International Printing and Packaging Fair and Hong Kong International Auto Parts Fair are being held from April 8 to 11 at the AsiaWorld-Expo near the Hong Kong International Airport.
Chairman of Federation of Hong Kong Industries, Mr Kenneth Ting, said the new events provided much needed platforms for Hong Kong's booming auto parts and printing and packaging industries.
In 2005, Hong Kong's total exports of auto parts and accessories amounted to US$1.6 billion. Exports of Hong Kong's printing and packaging industry reached US$5.1 billion, making the city one of the world's four printing centres (Hong Kong, Japan, U.S. and Germany).
Both industries are set to boom, according to TDC.
Under WTO rules, the Chinese mainland is required to open up more of its automobile market to outsiders. The huge demand for cars on the mainland has created a boom for the industry compelling manufacturers to step up production to meet local demand while exploring export opportunities.
According to an automobile industry report released by IBM and Michigan University in late 2005, the Chinese mainland will be able to surpass Germany to become the world's third largest automobile manufacturing centre in 2007, after the U.S and Japan.
Sales of automobiles on the mainland are expected to increase by an average of 10 -15% in the coming three to five years.
The dynamic growth of Guangdong's processing and manufacturing industries - particularly along the Pearl River Delta region - will create an even bigger demand for printing and packaging equipment.
Guangdong's total exports in 2005 exceeded US$428 billion and are expected to grow by another 10% in 2006.
In addition to providing a much needed marketing platform for the industries, TDC is also leveraging on the two new events to expand the portfolio of Hong Kong's exhibition industry.
According to an earlier survey conducted by the TDC, an additional 500,000 square metres of exhibition space will come on stream in 2007 in neighbouring cities, which are hungry for business.
"Hong Kong's trade fairs tend to pay more attention to promoting traditional export items. As the city is developing into a sourcing centre for the world, Hong Kong's trade fairs need to be mindful of developments at home and in the region," said TDC's Executive Director Mr. Fred Lam.
The decision to hold the new fairs was taken after extensive research and discussion with people in the trade, particularly with the key players.
Both fairs are jointly organised with private organisers and industry associations, with a view to help the local exhibition industry to develop further.
The Auto Parts Fair is organised by the TDC in conjunction with its strategic partners, Paper Communication Exhibition Services and Hong Kong Electronic Industries Association Ltd; and co-organised with Hong Kong Auto Parts Industry Association, and Society of Automotive Engineers - Hong Kong Section.
The fair attracted over 250 exhibitors, and a total of 33 buying missions, or over 900 buyers from around the world. The biggest buying missions are from Japan (106 companies), Shenzhen (115 companies), Guangzhou (109 companies), the U.S (17 companies) and Europe (28 companies).
The major products on display include auto and motorcycle parts/accessories, systems and technology, equipment and tools for parts/accessories manufacturing, workshops and repair services; car care products, inspection and testing devices.
The ground-breaking Printing and Packaging Fair is organised by the TDC and CIEC Exhibition Company (HK) Limited, and co-organised with the Hong Kong Printers Association and Graphic Arts Association of Hong Kong. The fair offers new opportunities for the industry to grow in the region and on the mainland.
The fair attracted 300 exhibitors, and a total of 37 buying missions, or over 880 buyers to the show. The biggest buying missions are from the Chinese mainland (275 companies), Asia-pacific (268 companies), North America (31 companies) and Europe (24 companies).
The fair's major exhibits include machinery and equipment for printing and packaging, printing/packaging materials, services and technology.
Free shuttle bus service is provided for exhibitors, buyers and reporters. Please visit the fairs' official web site for detailed schedule.
For press enquiries, please contact TDC's Lawrence Yau at 2584 4510 or Beatrice Lam at 2584 4049.
Hong Kong International Auto Parts Fair:
Foreign Trade and Economic Cooperation Bureau of Zhejiang, The People's Government of Changchun Municipality, Zhejiang Ruian People's Municipal Government, Federation of Hong Kong Industries, Federation of Hong Kong Machinery and Metal Industries, Hong Kong Diecasting Association, Hong Kong Productivity Council, and The Hong Kong Metals Manufacturers Association
Hong Kong International Printing and Packaging Fair:
China Council for the Promotion of International Trade, Printing and Printing Equipment Industries Association of China, The Hong Kong Corrugated Paper Manufacturers' Association, The Hong Kong Packaging Institute and Hong Kong Digital Printing Association
Official web site of the fairs:
Hong Kong International Auto Parts Fair:
Hong Kong International Printing and Packaging Fair
Profile of Hong Kong's auto parts industry:
Profile of Hong Kong's printing industry:
Profile of Hong Kong's packaging industry:
Free shuttle bus schedule: