14 April 2008
It's Show Time for Electronics & ICT Industries
Twin Fairs Open with Hot Products and Services from 3,000 Exhibitors
14 April 2008 - The sourcing season is heating up with the opening today of the Hong Kong Electronics Fair (Spring Edition) and International ICT Expo. With more than 3,000 exhibitors (and 3,500 booths) from around the world, the twin fairs have set a new exhibitor record. Organised by the Hong Kong Trade Development Council (HKTDC), the fairs continue through 17 April at the Hong Kong Convention and Exhibition Centre.
The 5th Hong Kong Electronics Fair (Spring Edition) has attracted 2,469 exhibitors from 23 countries and regions. Adding to the fair's international flavour are first-time participants from Brazil, Israel, Macau, Romania and Thailand. The Chinese mainland, Korea and Taiwan - three of the world's electronics industry giants - feature group pavilions.
The fair was launched in 2004 in response to shortened product cycles and growing demand for new products. A strong complement to the Hong Kong Electronics Fair (Autumn Edition), which takes place in October, the spring show has emerged as the region's leading electronics trade fair.
Speaking at the opening ceremony, Dr Roy Chung, Chairman of the HKTDC's Electronics/ Electrical Appliances Industries Advisory Committee, said the industry remains competitive in the global marketplace, despite increased competition. Electronics accounted for about half of Hong Kong's exports. Last year, electronics exports increased 11 per cent, to US$173 billion (HK$1,349 billion).
Dr Chung attributed the industry's success to "quick response time, consistent quality, reasonable prices and creative design." The fair, which creates additional business opportunities for traders, "is another reason behind the industry's success," added Dr Chung.
In the first two months of 2008, electronics exports rose 19 per cent. Significant growth was recorded in all major markets. As well, Malaysia, Thailand, Indonesia and India were up 36 per cent, 42 per cent, 69 per cent and 92 per cent respectively. Other emerging markets, including United Arab Emirates and Russia, are also doing well.
Joining Dr Chung at today’s opening ceremony were Frederick Ma, Secretary for Commerce and Economic Development; Fred Lam, Executive Director of the HKTDC; Paul Kan, Chairman of the HKTDC’s Information and Communications Technology Services Advisory Committee; Song Shao Gang, PRC’s Director of Software Industry, Torch High Technology Industry Development Centre, Ministry of Science and Technology, and Jeremy Richard Godfrey, Government Chief Information Officer.
The HKTDC has organised 152 buying missions, bringing in some 7,200 VIP buyers from more than 4,350 companies. These include top importers and VIPs from the world's major chain stores: the US's Brookstone and Dillard's Department Stores; Canada's Canadian Tire; France's Carrefour, Casino and Group SEB; Germany's Vivanco Gruppe and Karstadt Warenhaus; Spain's Electodomesticos Taurus; the Netherland's Skytronics; Italy's Melchioni; the UK's Halfords; Australia's Myer & Big W; Japan's Sanyo Electric Co Ltd; Korea's LG; and India's Future Group. Last year, 51,000 buyers visited the fair.
Fair buyers enjoy a wide range of value-added services and can source for specific items in distinct product zones. Hall of Fame showcases branded electronics products, while the Lighting Section highlights lighting design and technology. Home Tech, Vision & Sound and the Metal Parts & Components Pavilion focus on audiovisual products, electronic accessories, parts & components, healthcare products, home appliances, personal electronics, security and telecommunications products.
Running alongside the fair is International ICT Expo, which brings together 585 information technology suppliers and software applications developers from 20 countries and regions, including new exhibitors from the Netherlands and the UAE.
ICT Expo includes seven thematic zones: Enterprise Solutions, Network & Mobility, Digital Living & Multimedia, Home-grown Innovations, IT Outsourcing, E-Logistics & Retail Technologies and Trade Related Services. In addition, five emerging trends - embedded software, IT outsourcing, retail technologies, Wi-Fi, RFID & Multimedia and sector-specific Applications for Finance & Tourism - are highlighted with industry seminars, conferences and symposiums.
|Lyann Li||Beatrice Lam|
About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, visit www.hktdc.com